for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Cargill Buying Agway Animal Feed Unit
MINNEAPOLIS - Jan 20/04 - SNS -- Cargill Animal Nutrition has signed a purchase agreement for the assets of Agway Animal Feed and Nutrition from Agway, Inc.
"Cargill is interested in Agway Animal Feed and Nutrition for a number of reasons," said Richard Frasch, president of Cargill Animal Nutrition.
"The business has a dedicated, talented staff, and it has strong brand recognition with its customers. Acquiring Agway Animal Feed and Nutrition also will help assure the continuation of a high level of services and quality products to customers in the northeastern United States."
Said Michael Hopsicker, president and chief executive officer at Agway: "We believe the sale of Agway Feed and Nutrition to Cargill is in the best interests of our creditors. Cargill’s commitment to the animal feed and nutrition business will help serve our long-time, valued customers well and provide additional opportunities for employees."
Until the acquisition is final, Cargill Animal Nutrition and Agway Feed and Nutrition will operate independently.
The subscriber version of the article is available by Clicking here
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |