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CHS ACQUIRES BRAZILIAN CROP INPUT, GRAIN ORIGINATION FIRM
Aug. 2, 2012
Source: CHS Inc. news release
CHS Inc. (Nasdaq: CHSCP), a leading global energy, grains and foods company owned by U.S. farmers and ranchers, today announced it has acquired Atman, a company based in Goiania, Brazil. The acquisition was executed through the company's CHS do Brasil entity in that country.
Atman is an input distribution and grain origination company operating in Goias, the third largest producing state of Brazil.
"CHS is steadily and strategically expanding its South American grain and crop nutrients business. As part of CHS, Atman will accelerate our growth," said Stefano Rettore, senior vice president, CHS South America, Sao Paulo, Brazil. "This acquisition will help us further fulfill the CHS aspiration for global commodities expansion by providing expertise in barter operations that are key to the business model in the Brazilian cerrado."
The Atman acquisition rounds out a series of strategic South American business investments CHS has announced in the last six months. In May, CHS announced it had purchased 25 percent ownership of TCN, a Brazilian logistics company and also signed a long-term agreement with TCN, securing export terminal access at the Port of Itaqui, Sao Luis, Brazil. In July, CHS acquired 50 percent ownership of Andali, a provider of fertilizer storage and blending services based in Paranagua, Brazil.
"CHS is committed to the long-term growth and development of its commodities business in Brazil and across the region. These investments and the expertise that our partners and new employees bring will help us further add value to our owners," Rettore said.
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