ST. PAUL, MINN. — CHS Inc. has acquired Atman, an input distribution and grain origination company based in Goiania, Brazil.
“CHS is steadily and strategically expanding its South American grain and crop nutrients business,” said Stefano Rettore, senior vice-president, CHS South America, Sao Paulo, Brazil. “As part of CHS, Atman will accelerate our growth. This acquisition will help us further fulfill the CHS aspiration for global commodities expansion by providing expertise in barter operations that are key to the business model in the Brazilian cerrado.”
The Atman acquisition is the latest in a series of strategic South American business investments CHS has announced in the past six months. In May, CHS purchased 25% ownership of TCN, a Brazilian logistics company, and also signed a long-term agreement with TCN, securing export terminal access at the Port of Itaqui, Sao Luis, Brazil. In July, CHS acquired 50% ownership of Andali, a provider of fertilizer storage and blending services based in Paranagua, Brazil.
“CHS is committed to the long-term growth and development of its commodities business in Brazil and across the region,” Mr. Rettore said. “These investments and the expertise that our partners and new employees bring will help us further add value to our owners.”