Interstate Commodities acquires Cargill Nebraska grain elevator

Interstate Commodities Inc., an agribusiness company that has an office in Omaha, Neb., has purchased Cargill's grain elevator in Lincoln at 3001 Cornhusker Highway. Terms were not disclosed.

Interstate Commodities Inc., an agribusiness company that has an office in Omaha, Neb., has purchased Cargill‚Äės grain elevator in Lincoln at 3001 Cornhusker Highway. Terms were not disclosed. 

‚ÄúICI was founded in 1947, purchasing distillery grains and selling to the feed industry throughout the eastern United States,‚ÄĚ said CEO Greg Oberting. ‚ÄúIn 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.‚ÄĚ

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‚Äôs 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‚ÄôNeill, Ord, Oxford, Ravenna, Shelton and Wood River.

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