CHS and Farmers Elevator of Lowder finalize sale
INVER GROVE HEIGHTS, MINN., Aug. 2, 2010 – CHS Inc., a Fortune 100 energy, grains and foods company, and Farmers Elevator Company of Lowder, headquartered in Lowder, Ill., have finalized the sale of Lowder’s agronomy and grain operations to CHS. Lowder stockholders voted to approve the sale July 31; the CHS board of directors approved the transaction earlier in the month.
Effective Aug. 9, 2010, the new business will operate under the name CHS with Greg Dolbeare serving as general manager.
“Our commitment to area producers remains unchanged,” said John McEnroe, CHS senior vice president. “We are focused on expanding market access for our customers’ grain and providing agronomic products and services that will add value for the producers in the Lowder and Auburn trade area.”
Farmers Elevator Co of Lowder (www.lowderelevator.com) has provided Illinois farmers and landowners with grain services and agricultural products and services from locations in Lowder and Auburn.
CHS Inc. (http://www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 100 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS is listed on the NASDAQ at CHSCP.
