South Dakota-based cooperative Agtegra has announced that it has finalized a minority stake in EGT, LLC, which operates an export grain terminal in the US Pacific Northwest that is fed by four high-capacity elevators in Montana.
“We are very excited to become a partner in EGT to provide Agtegra customers greater access to the global market,” said Jason Klootwyk, chief executive officer, Agtegra. “Agtegra continues to focus on growth that expands our presence along the supply chain and this acquisition provides balance in our grain portfolio as we push farther down the export value chain.”
Agtegra joins Bunge, an agribusiness and food company, and Pan Ocean America, an affiliate of Harim, an integrated Korean group, as partners in EGT.
“We are pleased to add Agtegra as a partner, expanding EGT’s origination capabilities to ensure a reliable flow of products to the export terminal in Longview, Washington,” said Jason Gertken, EGT president. “We also look forward to working with Agtegra’s farmer members to increase opportunities to reduce our carbon footprint through regenerative ag practices.”
Agtegra Cooperative is headquartered in Aberdeen, SD, and is one of the nation’s largest locally owned agricultural cooperatives. It is owned by over 6,800 farmers and ranchers, predominantly in North and South Dakota, with a network of over 70 locations and 850 employees.
Agtegra is the 12th-largest grain storage company in North America with 120.17 million bushels of licensed grain storage at 41 facilities.