Minneapolis - The transaction is expected to close in early 2023.

Cargill has announced that they have entered into an agreement with Owensboro Grain Company, where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.

"We are pleased to welcome Owensboro Grain Company into our Cargill family," said Leonardo Aguiar, president of Cargill's North American agricultural supply chain. "Our two companies have tremendous operational histories, similar heritages as grain merchants, and values, including an unwavering commitment to prioritizing people â€* making this a tremendous fit. Additionally, this is a significant milestone in Cargill's journey to create a connected and modernized grain experience for our customers," said Aguiar.

According to Cargill, the terms of the deal were not disclosed. The transaction, which has been approved by the Boards of Directors of Cargill and Owensboro Grain Company, is subject to regulatory approvals and other customary closing conditions and is expected to close in early 2023.

Source: Cargill