Expected to close at the end of March 2022, Vittera has announced its plan to acquire Gravilon from Marubeni Corp for $1.125 billion plus working capital. Marubeni acquired Gavilon in 2013.
Gavilon is based in Omaha, Nebraska, and it originates, stores and distributes grains, oilseeds, feed and food ingredients. The company’s network has access to major railroads, rivers and ports and includes an indirect minority ownership interest in port terminals in Kalama, Washington and Portland, Oregon.
In addition to its U.S. footprint the company has operations in Mexico, South America, Europe and Asia.
Viterra’s network of agricultural assets spans 37 countries including storage, processing and transportation.
“The addition of Gavilon supports our long-term strategy of significantly increasing our presence in the United States, one of the major producing and exporting regions, which will further strengthen our global network,” said David Mattiske, Chief Executive Officer of Viterra Limited, in the company’s announcement. “The combination of the Gavilon and Viterra origination businesses will enable us to provide more value and flexibility to our customers. We will be able to rapidly enhance our sustainable supply chains, provide higher levels of quality control and reliability, while creating exciting opportunities for our customers and employees.”
