Bloomington, Illinois
August 14, 2006
The Board of Directors of
GROWMARK, Inc., Bloomington,
Illinois, announced today the signing of a letter of intent to
purchase the assets of Huisinga Grain, Inc., Casey, Illinois.
and Willow Hill Grain, Inc., Willow Hill, Illinois.
GROWMARK,
Inc. Chief Executive Officer, Bill Davisson says, “The decision
to purchase the assets of both Huisinga Grain and Willow Hill
Grain is the result of recommendations that came from a study of
present and future grain dynamics across the state of Illinois.
This study, conducted over a two-year period by an internal
strategic task force, examined critical facets of the grain
industry.”
Davisson also
says, “The purchase of the assets of Huisinga Grain and Willow
Hill Grain will better position the GROWMARK System to provide
the services Illinois grain producers require. The purchase of
these well-respected operations, and GROWMARK’s previously
announced Member Partnering Program are strategic actions
designed to equip the GROWMARK System in providing excellent
products and services to customers, now and in the future.”
Huisinga
Grain has been family-owned since 1955 and serves the counties
of Cumberland, Coles, Clark, Edgar, Jasper, and Crawford from
one facility located in Casey, Illinois.
Willow Hill
Grain operates six facilities serving farmers in counties of
Jasper, Crawford, Clay, and Effingham. Willow Hill Grain has
been family-owned since 1968.
GROWMARK is a regional cooperative providing grain marketing and
agriculture related products and services in the Midwest and
northeastern United States and Ontario, Canada. More information
is available at www.growmark.com. |