OMAHA, NEB. — The Scoular Co. and Evans Grain announced an agreement under which Scoular will purchase Evans’ grain-handling facilities in five cities throughout Idaho and Oregon. The transaction is expected to close in the coming months.
“Scoular and Evans Grain have enjoyed a close trading relationship for many years, and we are pleased to take this important step to unite regional operations and to work with John Evans in the future,” said Randy Schmidt, senior manager at Scoular.
Scoular operates several grain facilities throughout the area, including Idaho, Utah, Montana and Washington. The transaction will upgrade Scoular from its current capacity of 125 million tonnes.
“The Evans Grain facilities are complementary to Scoular’s trading and grain-handling activities in this part of the country, and in particular, to our barge-loading facility in Burbank, Washington,” said Mr. Schmidt.
The Evans Grain transaction will be Scoular’s second acquisition of grain-handling facilities in the western, mountain area. In July 2012, Scoular purchased two grain operations in Weiser, Idaho, from Weiser Feed and Storage, Inc.
“I’ve always had a high regard for Scoular and their merchants,” said John Evans, a corporate officer at Evans Grain. “I know I will enjoy the opportunity to use the Scoular tools and expertise to trade Treasure Valley wheat.”
Scoular also announced on Sept. 11 that it would acquire all of the assets of Winona Feed and Grain, Inc. of Winona, Kas.
The purchase includes two grain storage and handling operations. One, located in Winona, has 1.8 million bus of storage and access to the Union Pacific Railroad’s main line, while the other, located in Pence, Kas., has nearly 800,000 bus of storage capacity with truck-only access.
Scoular operates 13 grain storage and handling facilities in Kansas with the addition of these locations.“We’re pleased to add Winona Feed and Grain’s operations to our grain merchandising network and to bring the benefits of that network to farmers whose grain is tributary to the Winona and Pence facilities,” said Glen Hofbauer, Scoular’s director who oversees the company’s Kansas operations. “Our network of diverse locations, products, and services allows us to connect farmers to opportunities down the road, across the country, or around the world.”