Deal will allow Perdue to fully supply its cooking plants in Perry, Georgia, and Bridgewater, Virginia
Perdue AgriBusiness has purchased the assets of Hart AgStrong (AgStrong) for an undisclosed amount. The deal was closed on August 5.
The purchase includes two oilseed expeller crushing facilities in Bowersville, Georgia, and Trenton, Kentucky, processing organic and non-GMO soybeans, HEAR (high erucic acid rapeseed), canola and high oleic sunflower, 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 Perdue Foods’ cooking plants in Perry, Georgia, and Bridgewater, Virginia.
“The AgStrong facilities offer an ideal complement to Perdue AgriBusiness’ existing Specialty Crops and Oils capabilities,” said Dick Willey, president of Perdue AgriBusiness. “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.”
Perdue AgriBusiness Specialty Crops and Oils is among the global leaders in the procurement and sale of verifiable, reliable organic and non-GMO grains and oilseeds, domestically and internationally. The AgStrong assets will be incorporated into the existing Perdue AgriBusiness Specialty Crops and Oils business. 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.