World Grain - October 2012 - 109

WORLD GRAIN ARCHIVE

1982
The merger of ConAgra, Inc. Omaha, Nebraska, U.S., and Peavey Company, Minneapolis, Minnesota, U.S., was consummated, creating the largest ﬂour milling company in the U.S. Peavy became a wholly-owned subsidiary of ConAgra. A consent agreement with the Federal Trade Commission sets out conditions to be met by ConAgra, including the divestiture of four ﬂour mills in the western U.S. Even with that sale, the combined ﬂour milling capacity of ConAgra and Peavey will be the largest in the U.S. Total daily capacity of the merged companies is 11,965 tonnes of wheat equivalent. After divestiture, it would be 10,280 tonnes. A decision to proceed “as soon as possible” with construction of a grain terminal to be operated by a consortium of pools and grain companies at Prince Rupert, British Columbia, Canada, was conﬁrmed by the government of Alberta. Completion is targeted for late 1984. Cost of the facility is estimated at C$300 million. A 40% combined increase in ﬂour milling capacity is planned by six countries in the Arabian Gulf, according to the Australian Wheat Board. Australia is the principle supplier of wheat to the area, and the Wheat Board says that similar increases are expected in the larger surrounding countries of Iran, Saudi Arabia and Iraq. The combined daily milling capacity in Abu Dhabi, Dubai, Bahrain, Kuwait, Qatar and Oman is 2,260 tonnes. This is expected to increase to 3,160 tonnes as demand for ﬂour increases. Flour Mills of Nigeria has bought a Hi Roller enclosed belt conveyor to upgrade its grain import system at

Apapa. One of the main reasons the equipment, manufactured by U.S.based Hi Roller Enclosed Belt Conveyors, was chosen was because of its ability to withstand powerful tropical storms, which plague Apapa during the rainy season.

son brothers from Ireland. Thomas Frutig, a Marc Rich director, was quoted as saying Glibro was bought to give the group “a jumpstart in grain trading where it wants to be a global player.”

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1997
Bunge International Ltd. conﬁrmed that it would acquire Ceval Alimentos S.A., reported to be Latin America’s largest soybean producer and one of Brazil’s largest food companies, from the Hering Group, a major textile conglomerate. The transaction was valued between $500 million and $600 million. ADM Milling Co. has completed the purchase of Jamaica Flour Mills Ltd., a Kingston, Jamaica-based conglomerate comprising a ﬂour mill, a mix manufacturing plant and several other operations. The purchase extends the company’s participation in the Caribbean market, where ADM Milling already owns ﬂour mills in Barbados and Belize, according to Craig L. Hamlin, president and chief executive ofﬁcer of ADM Milling and a corporate group vice-president of Archer Daniels Midland Co., Decatur, Illinois, U.S. According to unconﬁrmed reports, Indonesia’s long-time monopoly of Bulog, the state-owned agency managing logistics for principal food and agricultural products, including wheat ﬂour, soybeans, sugar and garlic, will be lifted before the end of the year. Marc Rich & Co. Holding (which is now Glencore International plc), the commodity trading business established in late 1995 by Rich, has signiﬁed its intent to expand in grain by acquiring Glibro, a Geneva, Switzerland-based grain trading entity owned by the two Glee-

2002
Bühler has constructed a premix facility for the Kartal Kimya Company in Turkey, in the industrial district of Gebze, east of Istanbul, Turkey. The entire plant is operated from a centralized control room. Kartal tailors the blends to its customer’s speciﬁc needs. In an unprecedented move, the Canadian Wheat Board (CWB) has pulled out of the world grain market because of concerns over tight supplies this year. CWB spokeswoman Louise Waldman said the move did not mean the wheat board was out of business, but it did mean it must look carefully at every sales request and take care of its best customers ﬁrst. The drought that has devastated western Canada has been mirrored by weather problems in other major exporting nations. The U.S. Department of Agriculture has predicted that combined Canadian and Australia wheat exports would be slashed by 8 million tonnes from last month and 13.5 million tonnes from last year. Provimi, of Paris, France, has announced the acquisition of two complete feed businesses in Russia. In the ﬁrst transaction, Provimi purchased more than 75% of the shares of the Volosovsky Feed-Plant company, which is located near St. Petersburg. Provimi has also signed binding agreements to acquire more than 70% of the shares of Hercules Company, which has a feed plant in Klin, Russia, northwest of Moscow.

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World Grain - October 2012

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