Glencore Agriculture UK Acquires Mercury Commodities
Diversification through acquisition is becoming a more widespread occurrence in the grain sector. Reflecting this trend, Glencore Agriculture UK announced it has completed the full acquisition of Mercury Commodities, a UK-based animal feed company.
The acquisition includes storage facilities on the Isle of Portland for 50,000 tons, and an international deep-water terminal that will enable Glencore UK to provide its customers a full range of animal feed ingredients that are fully traceable through its global, vertically integrated supply chain. The site also will act to facilitate milling wheat and spring barley exports from local farmers in southern England.
Looking forward, Glencore Agriculture UK plans to invest in the new site to expand its capacity and capability as it also works to expand its other ports including at Teesport.
Mercury Commodities’ trading business will continue until later in April when all contacts and operations will be assumed by Glencore Agriculture UK, and under the terms of the deal, Mercury Director Frank Nickel will assume the role of head of Feed Product Marketing, and Director Will Wat will be named head of Feed Product Marketing under the Glencore Agriculture UK structure.