Source: Bunge North America

Regional agricultural cooperative Growmark and Bunge North America announced they have created B-G Fertilizer, LLC to acquire a liquid and dry fertilizer storage terminal currently owned by CF Industries in Cincinnati, Ohio. B-G Fertilizer, LLC will use the facility to supply crop nutrients to retail fertilizer dealers.

The transaction is expected to close in the first quarter of 2011 and is subject to completion of due diligence activities and other customary conditions. Terms of the deal were not disclosed.

The partnership between Bunge North America and Growmark will allow both companies to tap existing expertise within their organizations while also leveraging Bunge's grain and oilseed network in Indiana, Ohio and Kentucky. 

Original news release