Gavilon subsidiary buys 5 grain elevators

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Posted: Friday, June 28, 2013 12:00 am

A Gavilon Group subsidiary has added five south Texas grain elevators to its list of 15 existing facilities in Texas and Mexico, the company said Thursday.

The elevators have a combined storage capacity of 5.4 million bushels and will be used to store corn, sorghum and soybeans purchased from area farmers for resale to feedlots and packing plants.

Gavilon Grain bought elevators in Harlingen, Raymondville, Sebastian and San Perlita, Texas, from Willacy Co-op and one in Progreso Lakes, Texas, that was leased by Willacy.

The Omaha commodities management firm markets and distributes grain, fertilizer and fuel globally.

The firm is building a new headquarters building at 14th Street and Capitol Avenue and is on track to be purchased by Japanese trading firm Marubeni Corp.

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