CHS acquires Eastern European Agri Point
The Agri Point acquisition is part of the company’s ongoing global grain origination expansion, adding approximately 1.5-to-2 million tonnes of corn, wheat and barley.
CHS Inc., a leading grains, foods and energy cooperative in the US, has acquired Agri Point Limited from East Point Holdings Limited, Nicosia, Cyprus."
Acquiring Agri Point enables CHS to further develop its global competency and presence into the high growth areas of Romania, Bulgaria, Hungary and Serbia," says Claudio Scarrozza, general manager, CHS Europe, Geneva, Switzerland.
"In addition, we’re adding important infrastructure to our global supply chain capabilities with a deep-water port in Constanta, Romania, a barge loading facility on the Danube River at Giurgiu, Romania, and an inland grain terminal at Oroshaza, Hungary."
CHS will have commercial offices in Romania, Bulgaria, Hungary and Serbia, managed by the CHS Europe office, Geneva.
CHS Inc. is a diversified energy, grains and foods company owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States.
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