CHS expands South American fertilizer capabilities
Jul 2, 2012
ST. PAUL, Minn., July 2, 2012 /PRNewswire/ -- CHS Inc. (NASDAQ-NMS: CHSCP), the United States' leading farmer-owned cooperative, announced today it has purchased 50 percent ownership of Andali, a provider of fertilizer storage and blending services based in Paranagua, Brazil.
"CHS strategic investment in Andali supports our global fertilizer growth aspiration," said Stefano Rettore, senior vice president, CHS South America. "CHS will have secure, long-term access to fertilizer capacity for current and future demand allowing us to serve rapidly developing corn and soybean production."
This investment will allow Andali to further develop its industrial capacity on a national scale with improved and expanded services and efficiencies.
Rafael Vaccari Goncalves, recently appointed CEO of Andali, welcomes CHS investment. "Andali and CHS share common values. With this investment Andali is going to be well-positioned to deliver high quality fertilizer services to customers throughout Brazil," said Vaccari Goncalves.
CHS currently has a service agreement with Andali, part of its extensive supply chain capabilities. "CHS sources fertilizer from 20 countries and has the global expertise, connections and customer focus to expand fertilizer sales in this important geography," said Rettore.
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.
CHS Inc. is the United States' leading cooperative, owned by farmers, ranchers and co-ops across the United States. A diversified global energy, grains and foods business and a Fortune 100 company, CHS is committed to helping producers and member cooperatives grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, grain marketing services, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management.
Andali was founded in 1998 in Paranagua, Brazil, with a specific focus on fertilizer industry services. A reliable partner for the fertilizer industry players in the most important port in Brazil, Andali currently provides high quality services to its customers from reception, storage, blending to expedition.
SOURCE CHS Inc.
For further information: Annette Degnan, firstname.lastname@example.org, +1-651-355-5126