Cargill to acquire animal feed business of Richmond
The acquisition is an important part of Cargill growth strategy for feed and nutrition and a commitment to the animal feed industry in the United States, that Cargill is strengthening the distribution, and go-to-market capabilities in the important Southeast, Mid-Atlantic and Northeast regions.
With this agreement, Cargill will purchase the assets of Southern States Cooperative’s animal feed business, including seven feed mills and an important portfolio of products, brands and customer and supplier relationships. The other segments of Richmond's Southern States Cooperative’s business are not part of this transaction. Upon closing this transaction, Cargill will integrate complementary capabilities, expand access to innovation platforms, align nutrition capabilities and incorporate a broad trading and risk management competency.