1/1
  • Condensed by Lynda Kiernan-Stone

Pinnacle Asset Management-Backed Viserion Grain to Acquire 11 Elevators from Zen-Noh

Viserion Grain, a subsidiary of Pinnacle Asset Management-backed Viserion International Holdco, has entered into an agreement to acquire 11 grain elevators from Zen-Noh Grain Corporation. Zen-Noh is divesting the 11 facilities in connection with a proposed deal to acquire a number of grain elevators from Bunge.

Situated throughout five U.S. states along the Mississippi and Ohio Rivers, the 11 elevators which have a combined storage capacity of about 25 million bushels are located in Huffman, Arkansas; Osceola, Arkansas; Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri.


For Viserion, the deal will significantly increase the company’s holdings along major U.S. inland waterways, accelerating its growth and building a strong foundation through which to market grains and oilseeds to both domestic and international customers.


More on this story

ONG21 GAI Ad 300x250
ONG21 GAI Ad 300x250

press to zoom
ONG21 GAI Ad 300x250
ONG21 GAI Ad 300x250

press to zoom
1/1

Contribute an article

Lynda Kiernan-Stone is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan-Stone at lkiernan-stone@highquestgroup.com.