DeBruce Grain Elevators To Be Sold

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

October 19, 2010

Gavilon Grain will buy DeBruce Cos. and expand its nationwide network of grain storage facilities to handle up to 300 million bushels of grain.

Gavilon announced the deal Tuesday. It did not disclose
financial terms.

Greg Heckman is president and CEO of Omaha-based Gavilon. He
says the expanded company will be in good position to meet demand
for agricultural resources.

Gavilon is a commodity trading and grain storage business that
ConAgra Foods sold to private investors in 2008.

DeBruce, which is based in Kansas City, Mo., will become a
Gavilon subsidiary. DeBruce has grain elevators in Kansas, Iowa,
Nebraska, Texas, Kentucky, Oklahoma, Mississippi, Alabama, Indiana,
Wisconsin and Mexico. It also has feed mills and a fertilizer
distribution network.

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