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Cargill strikes deal for Northstar Grain assets

A deal has been reached between Cargill and Northstar Grain for the purchase of Northstar’s assets in Michigan.

The assets include 4.5million bushels of storage space for corn, soybeans and wheat, and a crop inputs business. Howevere the details of the deal have not been disclosed 

Cargill plans an initially invest about $3 million in upgrades to the facility to complete the construction of a 500,000 bushel storage bin and increase the capability to ship 75-car unit trains.

The deal is expected to be completed by the end of June pending routine due diligence.

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