NEW YORK (AP) — Japan's Marubeni Corp. is buying Nebraska-based grains company Gavilon Holdings LLC for approximately $3.6 billion.
The privately-held Gavilon owns and runs a grains, fertilizer and energy commodities distribution and storage network.
Marubeni buys and distributes various industrial and consumer goods.
Marubeni said Tuesday that the acquisition will give it access to more than 140 grain loading sites, a large grains storage and distribution network in the U.S. and sites in regions including Brazil, Australia and the Ukraine.
It will also give Marubeni the ability to tap into Omaha-based Gavilon's fertilizer terminals and storage and blending facilities in 59 U.S. locations.
