Source: The Scoular Company
The Scoular Company entered into a Letter of Intent to acquire Ada Grain's facilities in Ada and Minneapolis, Kan. A September close is anticipated, and terms of the pending transaction were not announced.
According to Curt Engel, Scoular vice president, Scoular plans to use the facilities to receive locally produced grain and strengthen grain origination for its terminal elevators in Salina and Downs, Kan.
"Scoular has been serving Kansas farmers for more than 35 years, and we're looking forward to building upon the dependable service that Ada Grain owners Ray and Margaret McGavran have provided area growers during that same period of time," said Engel.
Original news release