An offshoot of the hedge fund Whitebox Advisors LLC purchased AGP’s Duluth grain terminal at the beginning of this month, completing its second local elevator acquisition this year.
In April, ConAgra announced plans to sell the Peavey Co. Elevator to hedge fund operator Ospraie Management LLC.
Whitebox has been actively acquiring grain storage infrastructure for more than a year now, initially purchasing a grain elevator in Minneapolis, MN and another in Shakopee, MN. In June, the company paid $2 million for the Lake and Rail Elevator on the Buffalo River in New York.
No comments:
Post a Comment