The Wenger Group Inc. has signed a definitive purchase agreement to acquire the grain and fertilizer operations of Risser Grain LLC.
The transaction includes the acquisition of seven grain operating locations, which provide for the storage and processing of millions of bushels of grain. In addition, Risser’s fertilizer facility and production capacity is one of the largest in Pennsylvania. As part of this transaction, Wenger will also be purchasing the Martinsburg mill, which it recently began operating under a leasing arrangement with an affiliate of Risser.
“We have enjoyed a strategic relationship with Risser for many years as one of our key ingredient suppliers that is critical to sustaining our operations,” said Phil Rohrbaugh, president and CEO of The Wenger Group. “Expanding into grain operations further strengthens our reliability and sustainability as a manufacturer of feed for protein producers. The acquisition will also enable us to better support our agronomy partners, who play a critical role in the food supply chain and how we meet our customer needs.”
While Risser is now a wholly owned subsidiary of Wenger, the Risser Grain name and brand will continue, and it will be operated separately with Brent Risser continuing as the president of this business and all of the Risser employees remaining in place to serve its very important customer base.
“We are extremely excited about this strategic combination,” Risser said. “With the support of the Wenger organization, we will be able to offer even more attention to regional grain producers and to our end-user customer base. Ensuring sustainability is crucial to maintaining a strong and growing agricultural sector in our region and beyond.”
