GROWMARK, Inc., Bloomington, Ill., announced it has agreed to purchase Bunge North America’s interest in B-G Fertilizer, LLC.
B-G Fertilizer, LLC owns and operates the former CF Industries terminal located in Cincinnati, Ohio to serve the needs of retail customers that provide fertilizer to farmers. Terms of the transaction were not disclosed.
GROWMARK and Bunge also announced that GROWMARK will lease Bunge fertilizer assets located in Council Bluffs, Iowa and Fulton, Illinois. These facilities will be incorporated into the current GROWMARK portfolio to expand the cooperative’s scope and reach.
Overall, the acquisition and lease agreements represent approximately 130,000 tons of dry and liquid plant food storage.