Both transactions are expected to close in late-Spring 2021. With a legacy dating back to 1935, Western Milling is one of the oldest and largest industrial providers of mixed grain cattle feed products to the dairy industry in Californiawhich accounts for approximately 20% of all U.S. dairy outputand operates large-scale fertilizer transportation and grain merchandising businesses with a fleet of natural gas-powered trucks. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-completes-acquisition-of-grain-elevator-facilities-301328772.html, Registration on or use of this site constitutes acceptance of our. National Registered Agents, Inc, agent; Recent filings for Viserion International, LLC. Viserion International is a global agricultural merchant based in Boulder, Colorado. We are thrilled to acquire this outstanding, multifaceted company whose feed mill and fertilizer operations will complement Viserion Internationals existing grain-handling and commodity trading offerings. Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. Home; About; Locations; Careers; Contact; Growers; . Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, commented, "Viserion International's domestic growth plans will be significantly amplified by Viserion Milling's comprehensive portfolio of agribusiness units and established presence in the California dairy market. BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today announced that it has entered into an agreement to acquire Western Milling, LLC ("Western Milling"), a diversified California -based agribusiness, from Kruse Western . Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the-art export Elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. Copyright 2023. Western Milling has been a well-respected cornerstone of Californias agriculture industry for nearly a century, said Aaron Wiegand, chief executive officer of Viserion. Chad Pinter, currently Chief Financial Officer of Western Milling, will succeed Kevin as Chief Executive Officer. VISERION INTERNATIONAL HOLDCO, LLC Company Number 3398569 Incorporation Date 7 August 2020 (about 2 years ago) Company Type Domestic Limited Liability Company Jurisdiction Delaware (US) Registered Address New Castle, DE United States Agent Name THE CORPORATION TRUST COMPANY Agent Address Moreover, we will leverage the strategic assets to complement Viserion's domestic trading operations. Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with approximately $3.2 billion under management. Viserion International, LLC :: Colorado (US) :: OpenCorporates Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster the firms physical commodities trading and merchanting businesses. completion of ZGC's acquisition of multiple grain elevators from Bunge, Subscribe here for Grain E-News delivered to your inbox every Thursday. The investments include acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation from JBS USA in 2018, and in 2017, Pinnacle partnered with Noble Group's former Head of North American Gas and Power, Ben Sutton, to acquire Sierentz Global Merchants and form Six One Commodities ("61C"), a global energy merchant. ; Shawneetown, Illi. We look forward to working with Western Millings seasoned management team and excellent operational personnel, who will strengthen our international agribusiness platform.. Moreover, we will leverage the strategic assets to complement Viserion's domestic trading operations. Viserion Grain, LLC - Connecting Local Producers to the World. Pinnacle is a $3.2 billion private, New York-based alternative asset management firm. Beyond mixed cattle feed, Western Milling provides a full suite of customizable animal nutrition products including complete feeds, blended vitamin-rich feeds, pelleted feeds for both poultry and branded pet foods, rolled grains, supplements, and other grain commodities including millrun, molasses, rice bran, and whey. VISERION INTERNATIONAL HOLDCO, LLC in Wilmington, DE - Bizapedia Viserion International We are thrilled to acquire this outstanding, multifaceted company whose feed mill and fertilizer operations will complement Viserion International's existing grain-handling and commodity trading offerings. Over the past five years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including owning Five Rivers Cattle Feeding, the world's largest cattle feeding operation and Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant. Pinnacle-Backed Viserion Milling Acquires Western Milling Pinnacle-Backed Viserion Milling Acquires Western Milling Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25MBu and are well-positioned to provide competitive services for farmers and grain dealers. The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersville, Missouri; and Cottonwood Point, Missouri. Viserion Grain is a newly formed subsidiary of Viserion International Holdco, LLC, backed by Pinnacle Asset Management, L.P. Viserion International Holdco is a Colorado-based global agricultural merchant. Viserion International Holdco, LLC is a global agricultural merchant based in Boulder. The transaction is subject to regulatory approval and is contingent upon the closing of the ZGC's previously announced acquisition of Bunge's facilities. With experienced teams locally at each facility we will continue to build on existing relationships, establish new ones, and grow together with the communities we serve. To learn more, visit www.zgcusa.com. In 2021, 61C acquired Vega Energy Partners, Ltd. and WGL Midstream, Inc., a Houston, Texas, US-based energy merchant and wholesale energy solutions business. VISERION INTERNATIONAL, LLC Agent Name National Registered Agents, Inc Agent Address 7700 E Arapahoe Rd Suite 220, Centennial, CO, 80112, US Directors / Officers. Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, commented, "Viserion International's domestic growth plans will be significantly amplified by Viserion Milling's comprehensive portfolio of agribusiness units and established presence in the California dairy market. "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, managing partner and chief investment officer of Pinnacle. The primary facilities being acquired by Viserion are located in Visalia (headquarters), Hanford and Famoso, California; Hereford, Texas; and Buckeye, Arizona. Chief Executive Officer Viserion International, LLC Jan 2021 - Present2 years 4 months Denver Metropolitan Area Principal Viserion Commodities LLC May 2018 - Jan 20212 years 9 months Boulder,. Friday gives silver lining to a sour week, USDA announces start of climate-smart commodity program, Biden administration issues waiver allowing summer E15 sales. The addition of these facilities, which are located across five states, including Arkansas, Iowa, Illinois, Louisiana, and Missouri, will accelerate Viserion's growth in the agricultural trading market and provide domestic customers and exporters with more efficient grain and oilseed handling and distribution capabilities. View original content to download multimedia:http://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-to-acquire-11-grain-elevator-facilities-from-zen-noh-grain-corporation-301261065.html, Reserve Bank Of New Zealand Says New Zealand Banks Have Relatively Little Interest Rate Risk, Analysis-Inflation, labour crunch prodding Japan's smaller firms to raise pay, RESERVE BANK OF NEW ZEALAND - NEW ZEALAND BANKS HAVE RELATIVELY, RBNZ-NZ BANKS MANAGE INTEREST RATE RISK BY MATCHING REPRICING PR, Labour market 'churn' ahead with a quarter of jobs changing by 2027 - survey, Astellas Pharma buys Iveric Bio for $5.9 billion, South Korea exports contract for seventh month, longest streak in 3 years. 2022 Viserion International - All Rights Reserved Pinnacle-Backed Viserion Milling Acquires Western Milling - PR Newswire BOULDER, COLORADO, US Viserion Milling, LLC, a newly formed subsidiary of Viserion International Holdco, LLC, has entered an agreement to acquire Visalia, California, US-based Western Milling, LLC from Kruse Western, Inc. Viserion International and its subsidiaries are backed by Pinnacle Asset Management, LP, a New York, New York, US-based By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "These facilities will not only help Viserion build their agricultural trading platform and improve their grain handling capabilities, but also complement their strong domestic trading operations. "These facilities located across major inland U.S. waterways are integral to expanding our agricultural trading platform and grain handling capabilities," said Aaron Wiegand, Chief Executive Officer of Viserion International. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Zen-Noh Grain Corporation divesting facilities in conjunction with its proposed acquisition of Bunge elevators. Last year, Viserion acquired 10 grain elevator facilities across five states along the Mississippi and Ohio rivers with a total storage capacity of approximately 25 million bushels. Informa Markets, a trading division of Informa PLC. BOULDER, Colo., July 9, 2021 /PRNewswire/ --Viserion Grain, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC, backed by Pinnacle Asset Management, L.P. ("Pinnacle"), today announced the successful completion of its acquisition of certain grain elevator facilities from Zen-Noh Grain Corporation ("ZGC"). Find out more about how we use your personal data in our privacy policy and cookie policy. Viserion Grain, LLC (Viserion) is a new entity supported by management with strong experience in the grain industry. ", "We've seen substantial growth in grain and oilseed production over the last few years, and this acquisition allows Viserion to participate in a crucial market," said Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle. All rights reserved. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. from 8 AM - 9 PM ET. To learn more, visit www.zgcusa.com. , State of IA Grain Indemnity Fund Board Votes to Reinstate Grain Fee For Farmers, House Debt Ceiling Bill and 2023 Farm Bill Reauthorization Debate, Canadian Farmers Expected to Plant Most Wheat Since 2001, Colorado Governor Signs First U.S. Agriculture Right to Repair Bill Into Law, USDA Drought Monitor (4/27): Midwest Climate Region Remains Free of Dryness and Drought, ADM 1Q Earnings of $1.17 Billion and Revenue of $24.07 Billion Top Forecasts, FGIS Directive 9180.61: Official Moisture Calibrations For Unified Grain Moisture Algorithm (UGMA) Compatible Meters, USDA Weekly Crop Progress Report: Corn Planted at 14% and Soybeans Planted at %, Both Above 5-year Average, Cost to Produce Corn and Soybeans in Illinois2022. CONTACT Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of. Rabobank acted as the exclusive financial advisor to Kruse Western, Inc. on the transaction. Feed milling is expected to start this summer with the grain portion of the facility being ready for fall harvest. ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge. Both transactions are expected to close in late-Spring 2021. Heres a look at the $30 million educational and research facility that was possible with financial support and equipment donations from grain and feed industry suppliers, state crop groups and feed manufacturers. Viserion is a group of companies largely focused on the movement of physical commodities including grains, feed ingredients and other by-products within North America and internationally.. View original content to download multimedia:http://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-to-acquire-11-grain-elevator-facilities-from-zen-noh-grain-corporation-301261065.html, Plus500. About Viserion International Holdco, LLCViserion International is a global agricultural merchant based in Boulder, Colorado. BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today. Pinnacle Asset Management-Backed Viserion Grain Completes Acquisition The programs are presented by seasoned professionals in the field who have experienced the issues affecting millers first-hand. When typing in this field, a list of search results will appear and be automatically updated as you type. "These assets will allow us to provide farmers with competitive access to global export markets. The transaction was announced in April 2021 and was contingent upon the completion of ZGC's acquisition of multiple grain elevators from Bunge. About Pinnacle Asset Management, L.P. The investments include acquiring Five Rivers Cattle Feeding, the worlds largest cattle feeding operation from JBS USA in 2018. Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with over $5 billion under management. Viserion Grain LLC (Viserion), a newly formed subsidiary of Viserion International Holdco LLC backed by Pinnacle Asset Management L.P. (Pinnacle), has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation (ZGC). Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. 2001-2023 Country Journal Publishing Co. Privacy Policy | Terms of Use "We are very pleased to reach today's milestone, which will significantly bolster our presence in the U.S. grain market," said Aaron Wiegand, CEO of Viserion. File Report. Boulder, CO Viserion Grain, LLC, a newly formed subsidiary of Viserion International Holdco, LLC, backed by Pinnacle Asset Management, L.P. ("Pinnacle"), said it has succesfully completed its acquisition of certain grain elevator facilities from Zen-Noh Grain Corporation, according to a Viserion news release. About Pinnacle Asset Management, L.P. Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of strategic feed mill operations. Justice Department Requires Substantial Divestitures in Zen-Noh Acquisition of Grain Elevators from Bunge, Zen-Noh Grain Corp. and Viserion Grain, LLC Announce Sale and Purchase Agreement of 11 Grain Facilities, Rabobank's Stephen Nicholson Shares Seven Ways COVID-19 is Changing Agriculture From Farm to Table. We, Yahoo, are part of the Yahoo family of brands. Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25 million bushels and are well-positioned to provide competitive services for farmers and grain dealers. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. Aaron Wiegand, Chief Executive Officer of Viserion International, said, "Western Milling has been a well-respected cornerstone of California's agriculture industry for nearly a century. LOCATIONS Rabobank acted as the exclusive financial advisor to Kruse Western, Inc. on the transaction. The transaction was announced in April 2021 and was contingent upon the completion of ZGC's acquisition of multiple grain elevators from Bunge. (Riverside and Landside); Helena, Ark. Kruse, who is the grandson of Western Millings founder Otto Kruse, will continue with the company as executive chairman. Educational and technical programs presented at the conference assist millers in improving yields, productivity, customer satisfaction and safety. View original content to download multimedia:https://www.prnewswire.com/news-releases/pinnacle-asset-management-backed-viserion-grain-completes-acquisition-of-grain-elevator-facilities-301328772.html, Plus500. In 2021, 61C acquired Vega Energy Partners, Ltd. and WGL Midstream, Inc., a Houston, TX-based energy merchant and wholesale energy solutions business. Founded in 2000, with a heritage dating back to 1935, Western operates facilities across the Western US and Texas. Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. About Zen-Noh Grain Corporation Zen-Noh Grain Corporation is the US Subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh. Viserion Grain, LLC, a subsidiary of Viserion International, is expected to manage a portfolio of strategic grain storage and handling facilities. "These facilities will not only help Viserion build their agricultural trading platform and improve their grain handling capabilities, but also complement their strong domestic trading operations. Kevin Kruse, outgoing Chief Executive Officer of Western Milling and grandson of Western Milling's founder Otto Kruse, will serve as Executive Chairman of Western Milling. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including acquiring Five Rivers Cattle Feeding, the world's largest cattle feeding operation, and backing Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant formed in 2015 with a team of former Noble Group executives. It is owned by Viserion International Holdco, LLC, a Colorado-based global agricultural merchant formed with the financial backing of Pinnacle Asset Management, L.P. (Pinnacle). This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the-art export Elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. Design, CMS, Hosting & Web Development :: From daily reports on breaking news to weekly updates, Viserion Grain to acquire 11 elevators from Zen-Noh, Star of the West Milling to acquire Brown Milling, RiceBran exercises option to acquire milling facility, Seaboard enters pact to acquire Groupe Mimran flour milling assets, Reported explosion injures three at ADM plant, Latest milling technology highlighted at IAOM event, Another cold surge wont be good for US wheat, Sanctions weighing on Russias grain industry. Viserion to acquire Western Milling | World Grain Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. 3065 Pershing Ct. Decatur, Il 62526 800-728-7511 217-877-9660 Email: webmaster@grainnet.com from 8 AM - 9 PM ET. We are thrilled to acquire this outstanding, multifaceted company whose feed mill and fertilizer operations will complement Viserion International's existing grain-handling and commodity trading offerings. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. Pinnacle-Backed Viserion Milling Acquires Western Milling - WDAF-TV ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Viserion Grain, LLC, a subsidiary of Viserion. All rights reserved. The transaction is subject to regulatory approval and is contingent upon the closing of the ZGC's previously announced acquisition of Bunge's facilities. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. About Zen-Noh Grain CorporationZen-Noh Grain Corporation ("ZGC") is the U.S. subsidiary ofthe National Federation ofAgricultural CooperativeAssociations of Japan, Zen-Noh. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. About Viserion Grain, LLCViserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado. Over the past five years, Pinnacle-managed entities have made several strategic investments to bolster Pinnacle's physical commodities trading and merchanting business, including owning Five Rivers Cattle Feeding, the world's largest cattle feeding operation and Six One Commodities, a global energy merchant, as well as being the majority shareholder of Concord Resources Holdings Limited, a global metals merchant. The facilities being acquired by Viserion are located in Huffman, Ark. Over the past six years, Pinnacle-managed entities have made several strategic investments to bolster the firm's physical commodities trading and merchanting businesses. Pinnacle Asset Management : -Backed Viserion Grain To Acquire 11 Grain
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