About Viserion International Holdco, LLC Viserion International is a global agricultural merchant based in Boulder, Colorado. "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, managing partner and chief investment officer of Pinnacle. Chad Pinter, currently Chief Financial Officer of Western Milling, will succeed Kevin as Chief Executive Officer. BOULDER, Colo., April 1, 2021 /PRNewswire/ --Viserion Grain, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC backed by Pinnacle Asset Management, L.P. ("Pinnacle"), today announced that it has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation ("ZGC"). , State of IA Grain Indemnity Fund Board Votes to Reinstate Grain Fee For Farmers, House Debt Ceiling Bill and 2023 Farm Bill Reauthorization Debate, Canadian Farmers Expected to Plant Most Wheat Since 2001, Colorado Governor Signs First U.S. Agriculture Right to Repair Bill Into Law, USDA Drought Monitor (4/27): Midwest Climate Region Remains Free of Dryness and Drought, ADM 1Q Earnings of $1.17 Billion and Revenue of $24.07 Billion Top Forecasts, FGIS Directive 9180.61: Official Moisture Calibrations For Unified Grain Moisture Algorithm (UGMA) Compatible Meters, USDA Weekly Crop Progress Report: Corn Planted at 14% and Soybeans Planted at %, Both Above 5-year Average, Cost to Produce Corn and Soybeans in Illinois2022. The company's filing status is listed as Active and its File Number is 3398569. The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri. "These assets will allow us to provide farmers with competitive access to global export markets. The investments include acquiring Five Rivers Cattle Feeding, the worlds largest cattle feeding operation from JBS USA in 2018. Viserion Grain LLC (Viserion), a newly formed subsidiary of Viserion International Holdco LLC backed by Pinnacle Asset Management L.P. (Pinnacle), has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation (ZGC). ", "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. With experienced teams locally at each facility we will continue to build on existing relationships, establish new ones, and grow together with the communities we serve. With a legacy dating back to 1935, Western Milling is one of the oldest and largest industrial providers of mixed grain cattle feed products to the dairy industry in Californiawhich accounts for approximately 20% of all U.S. dairy outputand operates large-scale fertilizer transportation and grain merchandising businesses with a fleet of natural gas-powered trucks. Pinnacle is a $3.2 billion private, New York-based alternative asset management firm. 44 COOK STREET SUITE 320 BOULDER, Colo., July 9, 2021 /PRNewswire/ --Viserion Grain, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC, backed by Pinnacle Asset Management, L.P. ("Pinnacle"), today announced the successful completion of its acquisition of certain grain elevator facilities from Zen-Noh Grain Corporation ("ZGC"). 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-completes-acquisition-of-grain-elevator-facilities-301328772.html, Registration on or use of this site constitutes acceptance of our. About Western Milling, LLCHeadquartered in Central California, Western Milling is a highly diversified manufacturer and supplier of nutrient solutions for plants and animals, serving farmers and growers across the US. COLORADO. ; McGregor, Iowa; Savanna, Illi. ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge. We look forward to working closely with Aaron and his dedicated team of industry experts as we further strengthen our business.". ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Following Viserion International's recent portfolio acquisition of ten grain elevator facilities from Zen-Noh Grain Corporation, we are pleased that the company continues to grow into one of the leading agricultural merchants in the U.S.". Informa Markets, a trading division of Informa PLC. The business office address is located at 1803 S. Foothills Hwy Suite 120, Boulder, CO 80303. Last year, Viserion acquired 10 grain elevator facilities across five states along the Mississippi and Ohio rivers with a total storage capacity of approximately 25 million bushels. Viserion Grain, LLC - Connecting Local Producers to the World. ", "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle. Find out more about how we use your personal data in our privacy policy and cookie policy. About Viserion International Holdco, LLCViserion International is a global agricultural merchant based in Boulder, Colorado. Pinnacle is a $3.2bn private, New York-based . Viserion Grain, LLC, a subsidiary of Viserion. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25MBu and are well-positioned to provide competitive services for farmers and grain dealers. Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with over $5 billion under management. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. Media ContactKevin FitzGeraldGasthalter & Co.(212) 257-4170, View original content:https://www.prnewswire.com/news-releases/pinnacle-backed-viserion-milling-acquires-western-milling-301566772.html, Plus500. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation, and backing Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. Following Viserion Internationals recent portfolio acquisition of 10 grain elevator facilities from Zen-Noh Grain Corp., we are pleased that the company continues to grow into one of the leading agricultural merchants in the US.. Locations - Careers - Contract Offerings - Cash Bids - Futures - MyGrower. Viserion Grain. View original content to download multimedia:http://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-to-acquire-11-grain-elevator-facilities-from-zen-noh-grain-corporation-301261065.html, Reserve Bank Of New Zealand Says New Zealand Banks Have Relatively Little Interest Rate Risk, Analysis-Inflation, labour crunch prodding Japan's smaller firms to raise pay, RESERVE BANK OF NEW ZEALAND - NEW ZEALAND BANKS HAVE RELATIVELY, RBNZ-NZ BANKS MANAGE INTEREST RATE RISK BY MATCHING REPRICING PR, Labour market 'churn' ahead with a quarter of jobs changing by 2027 - survey, Astellas Pharma buys Iveric Bio for $5.9 billion, South Korea exports contract for seventh month, longest streak in 3 years. No portion of this site may be copied or reproduced without prior express written permission. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. Principal address changed About Viserion Grain, LLC Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. In 2021, 61C acquired Vega Energy Partners, Ltd. and WGL Midstream, Inc., a Houston, TX-based energy merchant and wholesale energy solutions business. http://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-to-acquire-11-grain-elevator-facilities-from-zen-noh-grain-corporation-301261065.html, In flight from Sudan, refugees in Chad give birth alone without shelter, Head of Mexican migration authority charged over deadly Juarez fire, Dubai crypto regulator awards first broker-dealer MVP operational license, Sudan conflict shows no sign of easing, Sudanese brace for more violence, Getir In Talks To Take Over German Grocery App Rival Flink - FT, Grocery app Getir in talks to take over German rival Flink - FT, Canada public workers reach contract agreement with federal govt, ending strike, JGB yields stabilise near one-month lows in BOJ aftermath, Pope: Vatican involved in secret Ukraine peace mission, Astellas Pharma to acquire Iveric Bio in USD5.9 billion deal, Almost 4,600 hospitality firms close in year as energy bills rocket, India April factory activity hits 4-month high on robust demand, Sony shares tumble on weaker-than-expected annual outlook, Oil fire part of Ukraine's preparation for counter-offensive - military. Copyright 2023. Beyond mixed cattle feed, Western Milling provides a full suite of customizable animal nutrition products including complete feeds, blended vitamin-rich feeds, pelleted feeds for both poultry and branded pet foods, rolled grains, supplements, and other grain commodities including millrun, molasses, rice bran, and whey. We seek to provide a customer-focused approach and a suite of marketing, transportation and storage services to enhance opportunities for our producers. Cision Distribution 888-776-0942 Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. Viserion Grain to acquire 11 grain elevators, Global pork outlook: One step forward, two steps back, Dairy Industry Innovation Assessment Tool identifies new technologies, Select Genetics invests $58M in Goldsboro turkey hatchery, farms, Allowed HTML tags: . Viserion International, LLC Nov 2022 - Present6 months Colorado, United States Integration of Risk/Development role from Viserion acquisition of Kruse Western/Western Milling. "We believe that the addition of these assets will accelerate our growth and provide a strong foundation to market grain and oilseeds directly to domestic customers and exporters. "These assets will allow us to provide farmers with competitive access to global export markets. About Western Milling, LLCHeadquartered in Central California, Western Milling is a highly diversified manufacturer and supplier of nutrient solutions for plants and animals, serving farmers and growers across the US. BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today. Viserion Grain, LLC, a subsidiary of Viserion International, is expected . Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation, and backing Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster the firm's physical commodities trading and merchanting businesses. The investments include acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation from JBS USA in 2018, and in 2017, Pinnacle partnered with Noble Group's former Head of North American Gas and Power, Ben Sutton, to acquire Sierentz Global Merchants and form Six One Commodities ("61C"), a global energy merchant. Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. "We believe that the addition of these assets will accelerate our growth and provide a strong foundation to market grain and oilseeds directly to domestic customers and exporters. IOWA. 2001-2023 Country Journal Publishing Co. Privacy Policy | Terms of Use Viserion Milling, a subsidiary of Viserion International, is expected . Justice Department Requires Substantial Divestitures in Zen-Noh Acquisition of Grain Elevators from Bunge, Zen-Noh Grain Corp. and Viserion Grain, LLC Announce Sale and Purchase Agreement of 11 Grain Facilities, Rabobank's Stephen Nicholson Shares Seven Ways COVID-19 is Changing Agriculture From Farm to Table. ILLINOIS. Kevin Kruse, outgoing Chief Executive Officer of Western Milling and grandson of Western Milling's founder Otto Kruse, will serve as Executive Chairman of Western Milling. Heres a look at the $30 million educational and research facility that was possible with financial support and equipment donations from grain and feed industry suppliers, state crop groups and feed manufacturers. The annual conference also includes the worlds largest expo for milling professionals, typically featuring over 100 companies displaying milling and processing equipment and related services. To learn more, visit www.zgcusa.com. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Our geographic spread, from northern Iowa to southern Louisiana, and our strong commercial management gives us a comprehensive view of the market and provides us with logistical flexibility that few independent companies can replicate. The company operates large-scale fertilizer transportation and grain merchandising businesses with a fleet of natural gas-powered trucks. The addition of these facilities, which are located across five states, including Arkansas, Iowa, Illinois, Louisiana, and Missouri, will accelerate Viserion's growth in the agricultural trading market and provide domestic customers and exporters with more efficient grain and oilseed handling and distribution capabilities. ", Jason Kellman, managing partner and chief investment officer of Pinnacle, added, "These facilities fit squarely into our growing physical commodities portfolio and expand our ability to participate in the grain and oilseeds supply chain directly. It is owned by Viserion International Holdco, LLC, a Colorado-based global agricultural merchant formed with the financial backing of Pinnacle Asset Management, L.P. (Pinnacle). The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri. Denver 44 Cook Street, Suite 320 Denver, CO 80206. We look forward to working with Western Millings seasoned management team and excellent operational personnel, who will strengthen our international agribusiness platform.. The transaction is subject to regulatory approval and is contingent upon the closing of the ZGC's previously announced acquisition of Bunge's facilities. ", Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, added, "These facilities fit squarely into our growing physical commodities portfolio and expand our ability to participate in the grain and oilseeds supply chain directly. Friday gives silver lining to a sour week, USDA announces start of climate-smart commodity program, Biden administration issues waiver allowing summer E15 sales. The new Iowa State University Kent Feed Mill and Grain Science Complex is nearing completion in Ames, Iowa, US. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA. Founded in 2000, with a heritage dating back to 1935, Western operates facilities across the Western US and Texas. 44 COOK STREET SUITE 320 DENVER, CO 80206 _ ABOUT US LOCATIONS CAREERS CONTACT GROWERS Viserion International is a global agricultural merchant based in Boulder, Colorado. With a legacy dating back to 1935, Western Milling is one of the oldest and largest industrial providers of mixed grain cattle feed products to the dairy industry in Californiawhich accounts for approximately 20% of all U.S. dairy outputand operates large-scale fertilizer transportation and grain merchandising businesses with a fleet of natural gas-powered trucks. About Pinnacle Asset Management, L.P. Educational and technical programs presented at the conference assist millers in improving yields, productivity, customer satisfaction and safety. Western Milling has been a well-respected cornerstone of Californias agriculture industry for nearly a century, said Aaron Wiegand, chief executive officer of Viserion. In 2017, Pinnacle partnered with Noble Groups former Head of North American Gas and Power, Ben Sutton, to acquire Sierentz Global Merchants and form Six One Commodities (61C), a global energy merchant. About Viserion International Holdco, LLCViserion International is a global agricultural merchant based in Boulder, Colorado. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation, and backing Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. We are excited to work with Aaron and his team to continue to position Viserion as a leader in the global agricultural space.". Beyond mixed cattle feed, Western Milling provides a full suite of customizable animal nutrition products including complete feeds, blended vitamin-rich feeds, pelleted feeds for both poultry and branded pet foods, rolled grains, supplements, and other grain commodities including millrun, molasses, rice bran, and whey. "These facilities will not only help Viserion build their agricultural trading platform and improve their grain handling capabilities, but also complement their strong domestic trading operations. "We are very pleased to reach today's milestone, which will significantly bolster our presence in the U.S. grain market," said Aaron Wiegand, Chief Executive Officer of Viserion. BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today announced that it has entered into an agreement to acquire Western Milling, LLC ("Western Milling"), a diversified California -based agribusiness, from Kruse Western . When typing in this field, a list of search results will appear and be automatically updated as you type. "These facilities located across major inland U.S. waterways are integral to expanding our agricultural trading platform and grain handling capabilities," said Aaron Wiegand, Chief Executive Officer of Viserion International. "These facilities will not only help Viserion build their agricultural trading platform and improve their grain handling capabilities, but also complement their strong domestic trading operations. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products.
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