Source: Gavilon Grain LLC via Business Wire

Gavilon Grain, LLC and Galesburg Order Buyers, Inc., doing business as GrainStore Elevators, have signed a definitive agreement under which Gavilon will acquire the grain merchandising company's west-central Illinois assets. The acquisition includes the purchase of eight grain elevators and one receiving station, with combined licensed storage capacity of approximately 14.6 million bushels.

"GrainStore has maintained top quality facilities that are strategically located in one of the highest yielding corn and soybean production areas in the United States," said Greg Konsor, vice president and general manager of Gavilon Grain. "GrainStore's physical footprint, sound business practices and strong financial performance make the company's grain elevators an attractive addition to our network of 74 facilities across the United States. We look forward to working with GrainStore's talented management team and employees, and serving this geographic market.

Original press release