CHS acquires Illinois River Energy ethanol plant
ST. PAUL, Minn., June 4, 2014 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN), North America's leading farmer-owned cooperative and a global energy, grains and foods company, today announced it has acquired Illinois River Energy LLC from Sinav Limited, London, England. Terms were not disclosed.
The 133-million-gallon-per-year year ethanol plant will be rebranded as CHS and 60 people will become CHS Inc. employees.
CHS markets renewable fuels to energy customers across the U.S. and through 1,400 Cenex- branded retail petroleum outlets, including more than 1,000 Cenex® convenience stores, and markets dried distillers grains with solubles (DDGS) globally on behalf of more than 20 ethanol plants across the United States.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2013, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.
SOURCE CHS Inc.