Viserion Grain, LLC (“Viserion”), a newly formed subsidiary of Viserion International Holdco, LLC backed by Pinnacle Asset Management, L.P. (“Pinnacle”), today announced that it has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation (“ZGC”). ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge.
The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri.
The transaction is subject to regulatory approval and is contingent upon the closing of the ZGC's previously announced acquisition of Bunge's facilities. Both transactions are expected to close in late-Spring 2021.
More below:
https://www.waterwaysjournal.net/2021/04/09/viserion-grain-to-buy-11-zen-noh-grain-facilities/
https://www.feedstuffs.com/news/viserion-grain-acquire-11-grain-elevators