OMAHA — The Scoular Co. on Aug. 28 announced it has invested in Rogers Grain, Covington, Ohio. Financial terms of the transaction were not disclosed.
As part of the joint venture, Scoular and Rogers Grain have agreed to cooperate in growing the business, with an emphasis on the specialty corn and soybean business.
Brent Rogers will remain president of Rogers Grain. Mr. Rogers said the partnership with Scoular leverages the strengths of both companies and will provide local Ohio producers with improved access to premium markets for specialty grains.
“We’re pleased to take this relationship and our business to the next level with a strong, stable, and experienced company like Scoular,” Mr. Rogers said.
Greg Lickteig, who oversees Scoular’s specialty grain operations, echoed Mr. Rogers’ sentiments.
“We have a shared long history in the grain business and look forward to leveraging each company’s strength in the future," Mr. Lickteig said. "Working together increases our ability to meet customer needs in the specialty grain market.”
A 125-year-old employee-owned company with more than $4 billion in sales, Scoular has more than 100 offices, grain elevators and processing facilities in North America, South America and Asia. The company’s more than 1,000 employees are engaged in the business of buying, selling, storing, handling and processing grain and ingredients as well as managing transportation and logistics worldwide.
Rogers Grain is a third-generation, family-owned grain business in Miami County, Ohio, founded by brothers Kenneth and David Rogers in the early 1950s. Throughout the years the family has been involved in farming, agronomy and grain handling. In addition to being a local grain business and distributor, Rogers is a supplier of grains for international end-users of food and feed grade commodities.