BREAKING: W.B. Johnston Grain to be acquired by CGB Enterprises
By Enid News & Eagle, Okla. | |
McClatchy-Tribune Information Services |
The transactions is expected to close within 35 to 40 days, according to a press release from the companies. Terms of the transaction were not disclosed.
"We are looking forward to being a part of the CGB team," WBJ CEO
"This exciting combination brings together the forward-thinking regional leadership and 120-year history of WBJ with the entrepreneurial CGB expertise and infrastructure," WBJ President
"Butch and I look forward to joining the CGB team and achieving our growth goals together."
WBJ operates 19 grain elevators throughout
"We are excited about the WBJ group of businesses and employees joining the CGB team," said CGB President & CEO
"Our staff plans to work closely with WBJ's customers, suppliers and employees to make the integration process as seamless as possible."
CGB has 74 grain elevators across the Midwest and provides services for producers and manufacturing industries. The company's activities include grain handling and merchandising, soybean processing, crop insurance, fertilizer, agri-finance, feed ingredients, bulk handling and stevedoring, and transportation and logistic services.
Look for more reaction in print and online.
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