Interstate Commodities acquires Cargill Nebraska grain elevator
New facility will help company expand in mission to sell grains to feed industry
"ICI was founded in 1947, purchasing distillery grains and selling to the feed industry throughout the eastern United States," said CEO Greg Oberting. "In recent years we have been focused on expanding through value-added service in agricultural commodity transportation and logistics. Acquiring the Lincoln facility is part of that strategy."
Cargill has operated the Lincoln facility since 1999 when it acquired Continental Grain Company's worldwide commodity marketing business. The employees at the elevator are transferring to ICI.
Nebraska will remain an important part of Cargill's growth in the grain business, said Robert Racek, a regional manager with Cargill AgHorizons U.S. The company has facilities in Nebraska in Albion, Alma, Arapahoe, Carleton, Dakota City, Elwood, Gibbon, Heartwell, Holdrege, Minden, O'Neill, Ord, Oxford, Ravenna, Shelton and Wood River.