EGT purchases grain elevator in Sidney, Montana
October 31, 2018 - St. Louis, Missouri - EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana from Busch Agricultural Resources, LLC, a division of A-B InBev, N.V.
EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana.
“Purchasing the Sidney elevator strengthens our origination capability in support of our export terminal in Longview, Washington,” said Adam Johnson, president & CEO, EGT. “The facility is located in a key draw area for wheat, particularly spring wheat, which is experiencing increasing demand.”
The Sidney elevator has access to the Burlington Northern Sante Fe railroad which serves the Longview terminal. It can also handle inbound and outbound trucks. The facility complements EGT’s other elevators in Chester, Kintyre Flats and Tunis, Montana.
“We are excited to be in the Sidney area and have plans to begin expanding the facility’s speed and capabilities immediately,” said Johnson. “We look forward to providing growers efficient service from day one.”
The facility was built in 2003 and has 1.4 million bushels of storage. Subject to normal hiring procedures, EGT intends to keep the employees.
Financial terms of the acquisition were not disclosed.
About EGT, LLC
EGT, LLC is a joint venture between Bunge North America and ITOCHU. The company owns and operates a state-of-the-art export grain terminal at the Port of Longview, Washington as well as three facilities in Montana designed to supply the export terminal. EGT’s partners are leaders in the international grain trade and include Bunge, which buys, sells, stores and transports grains and oilseeds to serve customers worldwide and ITOCHU, one of the largest marketers of grain and food products in Japan.
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