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COFCO International to become sole owner of an IL transloading terminal

China’s largest food and agriculture company will become the sole owner of a transloading grain facility along the Mississippi River in Illinois, near St. Louis.

COFCO International Limited says it will purchase minority shares of the Cahokia transloading terminal from GROWMARK, Inc., a farmer-owned cooperative. The two have owned the facility together since 2017. The terminal has access to all seven Class I railroads in North America and is a high-speed rail and truck-to barge loading facility.

In return, COFCO says GROWMARK will purchase a Chicago-based grain warehouse facility owned by COFCO. The B-House, located near downtown Chicago, can hold 11.5 million bushels of grain and provide flexibility to move grain via rail, truck, barge and laker vessels. The location also facilities imports and exports through the Great Lakes.

GROWMARK tells Brownfield the cooperative won’t be commenting on the purchase until June 28.

Read the press release.

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