This large acquisition would fit like a glove with Bunge.
(Reuters) - Global trading companies including Swiss Glencore (GLEN.L) and U.S.-based Bunge (BG.N) have expressed interest in the possible sale of U.S. energy and grains trader Gavilon Group, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Gavilon, owned by hedge fund manager Dwight Anderson and investors such as billionaire George Soros, began exploring fund-raising options in January, offering the chance to buy into a leading fertilizer distribution system, a network of grain storage bins and oil storage facilities in Oklahoma.
Bids for a potential sale that may net up to $5 billion are due in early March, Bloomberg reported, citing people it did not name. The company has also discussed a possible initial public offering with its bankers, it said.
The right people. The right locations. The best results. That’s what we strive for. It’s not about growth for growth’s sake. It’s about strategically growing in areas where we can better support your business. So if you’re looking for a partner to help you maneuver through an increasingly complex global supply chain or execute risk management strategies based on economic analysis and industry expertise, we’re here for you — with an efficient plan matching your precise specifications.
Our operations currently include 2,000 employees at 300 locations on six continents. We connect suppliers with end users, leveraging the power of railcars, trucks, barges, vessels and major North American pipeline systems to deliver approximately 250,000 railcar, 800,000 truck, 47,000 container, 3,900 barge and 300 vessel shipments each year. Select the commodities below to learn how we can create value for your business, or view a map of our locations to see where we can serve you.
Agriculture •Third-largest grain merchandising operation and leading feed ingredient business in the U.S. •North American and Australian origination of grains, oilseeds, feed and food ingredients with worldwide storage, handling, transportation, logistics, marketing and distribution services •145 grain facilities with more than 320 million bushels of licensed storage capacity and 12 regional offices •Marketing products from more than 40 production facilities and distributing ingredients through over 40 owned and leased transload and storage facilities •Distributes approximately 30 million metric tons of grain and 8 million metric tons of ingredients
Fertilizer •One of the largest fertilizer distribution networks in the world •Managing origination and transportation of fertilizer products from over 20 countries •Handling fertilizer sales and distribution to more than 25 countries •Global footprint includes more than 74 storage and handling facilities with capacity in excess of 1.2 million metric tons •Operations supported by 12 regional offices worldwide, managing local storage, handling, distribution operations and communication •Significant transportation and logistics services, utilizing trucks, railcars, domestic barges and vessels to move fertilizer products
Energy •North American origination, marketing, storage, transportation and logistics services of crude oil, natural gas, natural gas liquids and renewable fuels, with worldwide distribution of ethanol, biodiesel and biomass •Firm storage capacity of 7 million barrels of crude oil, 10 billion cubic feet of natural gas and 500,000 barrels of refined products •Marketing 1.5 billion cubic feet of natural gas, 3 million gallons of refined products, 1.5 million gallons of renewable fuels and 350,000 barrels of crude oil each day.