Chad Pinter, currently chief financial officer, will succeed Kevin Kruse as chief executive officer following the completion of the acquisition. We look forward to working with Western Milling's seasoned management team and excellent operational personnel, who will strengthen our international agribusiness platform.". We seek to provide a customer-focused approach and a suite of marketing, transportation and storage services to enhance opportunities for our producers. Copyright 2023. Both transactions are expected to close in late-Spring 2021. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Chad Pinter, currently Chief Financial Officer of Western Milling, will succeed Kevin as Chief Executive Officer. Moreover, we will leverage the strategic assets to complement Viserion's domestic trading operations. "These assets will allow us to provide farmers with competitive access to global export markets. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the-art export Elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. Viserion International, LLC | Colorado Company Directory This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Kevin Kruse, outgoing Chief Executive Officer of Western Milling and grandson of Western Milling's founder Otto Kruse, will serve as Executive Chairman of Western Milling. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. The transaction was announced in April 2021 and was contingent upon the completion of ZGC's acquisition of multiple grain elevators from Bunge. from 8 AM - 9 PM ET. Moreover, we will leverage the strategic assets to complement Viserion's domestic trading operations. Paraguay's President-elect Santiago Pena: puppet or pragmatist? Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA. The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri. The business entity number is #20211075205. Viserion Grain is a newly formed subsidiary of Viserion International Holdco, LLC, backed by Pinnacle Asset Management, L.P. Viserion International Holdco is a Colorado-based global agricultural merchant. Viserion Grain, LLC - Connecting Local Producers to the World. ; Lake Providence, La. With a legacy dating back to 1935, Western Milling is one of the oldest and largest industrial providers of mixed grain cattle feed products to the dairy industry in Californiawhich accounts for approximately 20% of all U.S. dairy outputand operates large-scale fertilizer transportation and grain merchandising businesses with a fleet of natural gas-powered trucks. Viserion International is a global agricultural merchant based in Boulder, Colorado. Viserion Grain, LLC, a subsidiary of Viserion. CAREERS Pinnacle-Backed Viserion Milling Acquires Western Milling - Yahoo When typing in this field, a list of search results will appear and be automatically updated as you type. 44 COOK STREET SUITE 320 DENVER, CO 80206 _ ABOUT US LOCATIONS CAREERS CONTACT GROWERS Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Pinnacle Asset Management-Backed Viserion Grain Completes Acquisition Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of strategic feed mill operations. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. About Western Milling, LLC To learn more, visit www.zgcusa.com. ", Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, added, "These facilities fit squarely into our growing physical commodities portfolio and expand our ability to participate in the grain and oilseeds supply chain directly. Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. ", "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle. Following Viserion Internationals recent portfolio acquisition of 10 grain elevator facilities from Zen-Noh Grain Corp., we are pleased that the company continues to grow into one of the leading agricultural merchants in the US.. "We are excited to work with Aaron and his team to continue to position Viserion as a leader in the global agricultural space.". BOULDER, Colo., April 1, 2021 /PRNewswire/ --Viserion Grain, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC backed by Pinnacle Asset Management, L.P. ("Pinnacle"), today announced that it has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation ("ZGC"). Friday gives silver lining to a sour week, USDA announces start of climate-smart commodity program, Biden administration issues waiver allowing summer E15 sales. ; and Cottonwood Point, Mo. File Report. About Pinnacle Asset Management, L.P. Pinnacle-Backed Viserion Milling Acquires Western Milling Viserion International, LLC 1803 S. Foothills Hwy Suite 120, Boulder Founded in 2000, with a heritage dating back to 1935, Western operates facilities across the Western US and Texas. It is owned by Viserion International Holdco, LLC, a Colorado-based global agricultural merchant formed with the financial backing of Pinnacle Asset Management, L.P. (Pinnacle). Viserion Grain. Connecting Local Producers to the World - Viserion Grain, LLC - Home "These facilities located across major inland U.S. waterways are integral to expanding our agricultural trading platform and grain handling capabilities," said Aaron Wiegand, Chief Executive Officer of Viserion International. Our geographic spread, from northern Iowa to southern Louisiana, and our strong commercial management gives us a comprehensive view of the market and provides us with logistical flexibility that few independent companies can replicate. Pinnacle Asset Management-Backed Viserion Grain To Acquire 11 - Insider Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. DENVER, CO 80206, ABOUT US LOCATIONS Connecting to the Agricultural Value Chain - Viserion Grain, LLC completion of ZGC's acquisition of multiple grain elevators from Bunge, Subscribe here for Grain E-News delivered to your inbox every Thursday. CONTACT 2022 Viserion International - All Rights Reserved Viserion International Boulder, CO. 1.888.315.1556. Daniel Wyczolkowski M.S., CFA - LinkedIn ; Lettsworth, La. Last year, Viserion acquired 10 grain elevator facilities across five states along the Mississippi and Ohio rivers with a total storage capacity of approximately 25 million bushels. Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25MBu and are well-positioned to provide competitive services for farmers and grain dealers. BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today announced that it has entered into an agreement to acquire Western Milling, LLC ("Western Milling"), a diversified California-based agribusiness, from Kruse Western, Inc. Viserion International and its subsidiaries are backed by Pinnacle Asset Management, L.P. ("Pinnacle"), a New York-based alternative asset management firm focused on global commodities markets. Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. 2001-2023 Country Journal Publishing Co. Privacy Policy | Terms of Use Principal address changed BOULDER, COLORADO, US Viserion Milling, LLC, a newly formed subsidiary of Viserion International Holdco, LLC, has entered an agreement to acquire Visalia, California, US-based Western Milling, LLC from Kruse Western, Inc. Viserion International and its subsidiaries are backed by Pinnacle Asset Management, LP, a New York, New York, US-based alternative asset management firm focused on global commodities markets. The transaction was announced in April 2021 and was contingent upon the completion of ZGC's acquisition of multiple grain elevators from Bunge. Over the past five years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including owning Five Rivers Cattle Feeding, the world's largest cattle feeding operation and Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant. As part of the acquisition Viserion is acquiring Western Millings facilities in Visalia, Hanford and Famoso, California, US; Hereford, Texas, US; and Buckeye, Arizona, US. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. Savanna 561 Broderick Drive Savanna, IL 61074. Pinnacle-Backed Viserion Milling Acquires Western Milling All previous. "These assets will allow us to provide farmers with competitive access to global export markets.". We use cookies to provide you with a better experience. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust Center 1209 Orange St, Wilmington, DE 19801. "These facilities will not only help Viserion build their agricultural trading platform and improve their grain handling capabilities, but also complement their strong domestic trading operations. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. The business is formed on January 25, 2021. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. (Riverside and Landside); Helena, Ark. Kruse, who is the grandson of Western Millings founder Otto Kruse, will continue with the company as executive chairman. MINNEAPOLIS, MINNESOTA, US The International Association of Operative Millers (IAOM) Annual Conference & Expo gathers milling and allied trade professionals from around the world for three days of education, networking and fellowship. The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. 320, Denver, CO 80206. It is owned by Viserion International Holdco, LLC, a Colorado-based global agricultural merchant formed with the financial backing of Pinnacle Asset Management, L.P. (Pinnacle). About Pinnacle Asset Management, L.P. About Pinnacle Asset Management, L.P. Design, CMS, Hosting & Web Development :: From daily reports on breaking news to weekly updates, Viserion Grain to acquire 11 elevators from Zen-Noh, Star of the West Milling to acquire Brown Milling, RiceBran exercises option to acquire milling facility, Seaboard enters pact to acquire Groupe Mimran flour milling assets, Reported explosion injures three at ADM plant, Latest milling technology highlighted at IAOM event, Another cold surge wont be good for US wheat, Sanctions weighing on Russias grain industry. The investments include acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation from JBS USA in 2018, and in 2017, Pinnacle partnered with Noble Group's former Head of North American Gas and Power, Ben Sutton, to acquire Sierentz Global Merchants and form Six One Commodities ("61C"), a global energy merchant. In 2021, 61C acquired Vega Energy Partners, Ltd. and WGL Midstream, Inc., a Houston, TX-based energy merchant and wholesale energy solutions business. Pinnacle-Backed Viserion Milling Acquires Western Milling Following Viserion International's recent portfolio acquisition of ten grain elevator facilities from Zen-Noh Grain Corporation, we are pleased that the company continues to grow into one of the leading agricultural merchants in the U.S.". We look forward to working closely with Aaron and his dedicated team of industry experts as we further strengthen our business.". Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-completes-acquisition-of-grain-elevator-facilities-301328772.html, Registration on or use of this site constitutes acceptance of our. The transaction was announced in April 2021 and was contingent upon the completion of ZGC's acquisition of multiple grain elevators from Bunge. Justice Department Requires Substantial Divestitures in Zen-Noh Acquisition of Grain Elevators from Bunge, Zen-Noh Grain Corp. and Viserion Grain, LLC Announce Sale and Purchase Agreement of 11 Grain Facilities, Rabobank's Stephen Nicholson Shares Seven Ways COVID-19 is Changing Agriculture From Farm to Table. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the-art export elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. Rabobank acted as the exclusive financial advisor to Kruse Western, Inc. on the transaction. Viserion Grain, LLC, a subsidiary of Viserion International, is expected . Founded in 2000 with a heritage dating back to 1935, Western Milling is one of the oldest and largest industrial providers of mixed grain cattle feed products to the dairy industry in California. Viserion Grain to acquire 11 grain elevators | Feedstuffs Locations - Careers - Contract Offerings - Cash Bids - Futures - MyGrower. Oil prices slide on Fed rate hike expectations, weaker China PMI, US Senator Tim Scott teases May 22 announcement on presidential bid. Zen-Noh Grain Corp. and Viserion Grain, LLC Announce Sale and Purchase Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, commented, "Viserion International's domestic growth plans will be significantly amplified by Viserion Milling's comprehensive portfolio of agribusiness units and established presence in the California dairy market. In addition to mixed cattle feed, Western Milling provides customizable animal nutrition products, including complete feeds, blended vitamin-rich feeds, pelleted feeds for both poultry and branded pet foods, rolled grains, supplements, and other grain commodities, including millrun, molasses, rice bran and whey. Combined, the elevators have a total storage capacity of approximately 25 million bushels. Heres a look at the $30 million educational and research facility that was possible with financial support and equipment donations from grain and feed industry suppliers, state crop groups and feed manufacturers. About Pinnacle Asset Management, L.P. We look forward to working with Western Millings seasoned management team and excellent operational personnel, who will strengthen our international agribusiness platform.. Zen-Noh Grain Corporation and Viserion Grain, LLC Announce Sale and The number id for this business is 20211075205. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Pinnacle is also the largest shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25 million bushels and are well-positioned to provide competitive services for farmers and grain dealers. Viserion Grain, LLC (Viserion) is a new entity supported by management with strong experience in the grain industry. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation, and backing Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. "We believe that the addition of these assets will accelerate our growth and provide a strong foundation to market grain and oilseeds directly to domestic customers and exporters. Boulder, Colorado, United States Sr. Director - Finance FP&A, IT Cigna Nov 2019 - Dec 2020 1 year 2 months . Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. ZGC is divesting the facilities in conjunction with its proposed acquisition of . Over the past five years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including owning Five Rivers Cattle Feeding, the world's largest cattle feeding operation and Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant. With experienced teams locally at each facility we will continue to build on existing relationships, establish new ones, and grow together with the communities we serve. Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with approximately $3.2 billion under management. Cision Distribution 888-776-0942 Viserion International is a global agricultural merchant based in Boulder, Colorado. About Zen-Noh Grain Corporation Zen-Noh Grain Corporation is the US Subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster the firm's physical commodities trading and merchanting businesses. Viserion International, LLC :: Colorado (US) :: OpenCorporates Web page addresses and e-mail addresses turn into links automatically. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of strategic feed mill operations. Viserion to acquire 11 elevators from Zen-Noh Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with approximately $3.2 billion under management. ", "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle. Aaron Wiegand, Chief Executive Officer of Viserion International, said, "Western Milling has been a well-respected cornerstone of California's agriculture industry for nearly a century. About Zen-Noh Grain CorporationZen-Noh Grain Corporation ("ZGC") is the U.S. subsidiary ofthe National Federation ofAgricultural CooperativeAssociations of Japan, Zen-Noh. The annual conference also includes the worlds largest expo for milling professionals, typically featuring over 100 companies displaying milling and processing equipment and related services. Viserion International, LLC Nov 2022 - Present6 months Colorado, United States Integration of Risk/Development role from Viserion acquisition of Kruse Western/Western Milling. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. About Viserion International Holdco, LLCViserion International is a global agricultural merchant based in Boulder, Colorado. 4 Jan 2023. Pinnacle Asset Management-Backed Viserion Grain Completes Acquisition Pinnacle Asset Management : -Backed Viserion Grain To Acquire 11 Grain Viserion Grain, LLC, a subsidiary of Viserion. ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge. The addition of these facilities, which are located across five states, including Arkansas, Iowa, Illinois, Louisiana, and Missouri, will accelerate Viserion's growth in the agricultural trading market and provide domestic customers and exporters with more efficient grain and oilseed handling and distribution capabilities. "We are very pleased to reach today's milestone, which will significantly bolster our presence in the U.S. grain market," said Aaron Wiegand, Chief Executive Officer of Viserion.
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