CHS sells Mexican foods operations to Gruma Corporation
The sale consists of three plants located in New Brighton, Fort Worth, and Phoenix.
01/06/05 The United States, CHS Inc. has announced that it has completed the sale of its tortilla and chip operations to Gruma Corporation.
The sale consists of three plants located in New Brighton, Minn., Fort Worth, Texas, and Phoenix, Ariz., with about 250 employees. Gruma Corporation, a subsidiary of Gruma SA de C.V. based at Monterrey, Mexico, markets its finished products under the Mission and Guerrero names.
CHS Inc. is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives. A Fortune 500 company, CHS is owned by farmers, ranchers and cooperatives from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas, along with thousands of preferred stockholders. CHS provides products and services ranging from grain marketing to food processing to meet the needs of customers around the world. It also operates petroleum refineries/pipelines and, through a broad range of working partnerships, markets and distributes Cenex® brand energy products, along with agronomic inputs and feed to rural America. CHS is listed on the NASDAQ at CHSCP.
