Zen-Noh Grain to acquire Bunge North America's 35 operating grain origination elevators.

Zen-Noh Grain, a provider of agricultural products and services, agreed to acquire 35 operating grain origination elevators along the Mississippi River from Bunge North America, an agribusiness and food ingredient company. Financial terms were not disclosed. The completion is subject to customary closing conditions, including regulatory approval. “This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of the company while reducing costs and strengthening our balance sheet. Bunge will continue to be an industry leader in the US grain marketplace through global grain trading and distribution with our export terminal in Destrehan, Louisiana, which we are expanding, and EGT, our joint venture in the Pacific Northwest. We will also continue our strong presence in the soybean processing business and milling operations,” Greg Heckman, Bunge North America CEO.