European division of CHS to provide global fertilizer sourcing to agricultural trading and distribution company Gleadell Agriculture; CHS Europe executive says supply agreement fits with company's long-term business aspirations to expand geographically
ST. PAUL, Minnesota
June 11, 2014
– Gleadell Agriculture Ltd, Lincolnshire, England, the United Kingdom's third largest agricultural trading and distribution company, and CHS Europe Sarl, a division of CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN), North America's leading farmer-owned cooperative and a global energy, grains and foods company, today announced an agreement whereby CHS will provide global fertilizer sourcing to support Gleadell Agriculture's supply chain.
The agreement will extend Gleadell's access to imported product, mainly high quality granular urea, through CHS global supply and sourcing. "CHS has an excellent track record on sourcing product, especially within Egypt and the Middle East, which are recognized as major suppliers of quality granular urea," said Gleadell Sales Director Stuart Shand. "Other fertilizer offerings from Gleadell, including most importantly UK product GrowHow, will be offered as before."
CHS Europe Vice President and General Manager Roger Baker said the partnership is part of the farmer-owned cooperative's focus on global fertilizer distribution expansion. "Gleadell and CHS share similar growth strategies and recognize the importance of providing customers with an assured, timely supply of crop nutrients vital to healthy, profitable crop production," said Baker.
Gleadell Managing Director David Sheppard said the CHS business model is built on long-term partnerships and shared success, very similar to Gleadell co-owner InVivo, whose capital is held by 223 cooperatives. "CHS fits exactly with Gleadell's ambition to work only with successful, forward-thinking blue chip companies. We look forward to building this new partnership, which we believe will provide our professional farmer customers and UK cooperatives with improved continuity of product supply."
CHS Europe Head of Fertilizers EMEA Walter Singer said the supply agreement fits with the company's long-term business aspirations to expand geographically. "This distribution agreement is an important step towards gaining company and brand awareness with cooperatives and farmers across Europe," said Singer.
Gleadell Agriculture Ltd (www.gleadell.co.uk) is an independent and a major trader of grain in the United Kingdom (UK) and a leading exporter of grain, oilseeds and pulses to markets in the European Union and a significant supplier to UK millers, maltsters, feed compounders and other grain markets. It is a growing force in the sourcing and delivery of imported and home-produced fertilizer and seed. Since 2001 Gleadell has been jointly owned by Toepfer International, a major trader of agricultural products around the world, and InVivo, the leading provider of agricultural goods and services in the EU. Gleadell operates from six offices throughout England and offers a people-based, quality service to farmers and consumers.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2013, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.