Gavilon
Gavilon is a commodity management firm based in Omaha, Nebraska. The company is organized into two operating segments:
Operating segments
Grain & Ingredients – Gavilon originates, stores, and distributes grains and oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors and ethanol producers worldwide.
Fertilizer – The company also partners with offshore suppliers and leverages its global logistics system to provide customers competitively priced fertilizer.[1]
Gavilon uses the futures market to manage price risk associated with inventory positions and forward contracts.
History
The company’s history dates back to 1874,[2] when Peavey Company built its first grain facility. In 1982, Peavey was acquired by ConAgra Foods, Inc. [3] and later became part of ConAgra Trade Group. In 2008, a group of investors formed Gavilon and acquired ConAgra Trade Group, enabling the privately held company to focus on growing its commodity business.[4] In 2010, Gavilon acquired the DeBruce Companies,[5] which significantly expanded the company’s agricultural operations. In 2013, Marubeni Corporation, one of the largest general trading companies in Japan, purchased the company's agriculture assets and businesses.[6] Later that year, Gavilon's energy business was sold to NGL Energy Partners LP (NYSE: NGL).[7]
Today, Gavilon employs 2,000 people around the world and is the second largest grain handler in North America based on storage capacity.
References
- ↑ http://www.gavilon.com/commodities/agriculture
- ↑ http://www.gavilon.com/about-gavilon
- ↑ http://www.conagrafoods.com/
- ↑ http://www.gavilon.com/news/conagra-foods-completes-sale-its-trading-and-merchandising-operations-investor-group-led-osprai
- ↑ http://www.gavilon.com/news/gavilon-llc-completes-acquisition-debruce-companies
- ↑ http://www.gavilon.com/news/gavilon-statement-acquisition-marubeni-corporation
- ↑ http://www.gavilon.com/news/ngl-energy-partners-lp-completes-acquisition-gavilons-energy-business