Perdue AgriBusiness LLC has purchased the assets of Hart AgStrong LLC (AgStrong) for an undisclosed amount, the company said this week.
The purchase, which concluded Monday, includes two oilseed expeller crushing facilities in Bowersville, Ga., and Trenton, Ky., that process organic and non-genetically modified organism (GMO) soybeans, HEAR (high-erucic acid rapeseed), canola and high-oleic sunflowers, as well as an organic specialty oil refinery at the Bowersville facility. The facilities produce organic and non-GMO oils sold to food and industrial product manufacturers and meal for organic and non-GMO animal feeding operations in the southeastern U.S.
The AgStrong asset purchase will allow the company to fully supply the Perdue Foods cooking plants in Perry, Ga., and Bridgewater, Va.
“The AgStrong facilities offer an ideal complement to Perdue AgriBusiness’ existing specialty crops and oils capabilities,” Perdue AgriBusiness president Dick Willey said. “We will be able to increase sales of our current and new specialty oils. AgStrong’s production capabilities, coupled with Perdue AgriBusiness’ brand equity, allows us to offer a vertically integrated supply chain with full traceability to our customers.”
The Perdue AgriBusiness Specialty Crops & Oils division is among the global leaders in the procurement and sale of verifiable, reliable, organic and non-GMO grains and oilseeds both domestically and internationally. The AgStrong assets will be incorporated into the existing Specialty Crops & Oils business, and the AgStrong management team and associates at all locations will transition to Perdue.
“We look forward to continuing to work with Kentucky and Georgia farmers and others in the Southeast with our ‘you grow it, we’ll buy it’ philosophy and to supporting local and regional markets for high-value crops,” Willey said.