Source: Gavilon Grain LLC

Gavilon Grain, LLC and Union Elevator & Warehouse Company announced that the companies have signed a purchase agreement. Under the terms of the agreement, Gavilon will acquire Union Elevator's eastern Washington assets, including 16 grain elevators, at 12 locations, with licensed storage capacity of 8.4 million bushels. Union Elevator shareholders voted to approve the sale of the company's assets to Gavilon. The transaction is expected to be completed during the second quarter of 2011.

"We are very pleased to be expanding our asset base with a company that has such a rich history of serving producers in eastern Washington," said Greg Konsor, vice president and general manager of Gavilon Grain. "The addition of Union Elevator's grain facilities and origination capabilities position us well to support the growing Pacific Northwest export wheat market and serve the Columbian Basin feed grain market."
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