Zen-Noh Closes on Bunge Asset Acquisition
Zen-Noh Grain Corporation announced it has closed on the acquisition of select Bunge assets originally announced in the spring of 2020. Zen-Noh Grain Corporation is the U.S. subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh, active in the trade and export of corn, soybeans, sorghum, wheat, and by-products from its state-of-the-art export elevator located at mile 164 on the Mississippi River to Japan and other global markets.
The company also originates grain from Canada and Brazil, and controls a forage processing business in Pasco, Washington.
The total scope of the original deal was for 35 of Bunge’s operating assets, however, in order to secure regulatory approval, certain Bunge assets, and those of Zen-Noh affiliate Consolidated Grain and Barge Co., were selected to be divested through a sale to Viserion Grain.
These divested Bunge assets include Shawneetown, Illinois; Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; Lake Providence, Louisiana; Caruthersville, Missouri; McGregor, Iowa; and Lettsworth, Louisiana. The divested Consolidated Grain and Barge Co. asset was its facility in Savanna, Illinois.