GROWMARK acquires St. Joseph, Missouri refined fuels terminal

GROWMARK acquires St. Joseph, Missouri refined fuels terminal

Wednesday, April 1, 2015 — Bloomington, Illinois based GROWMARK, Inc. and Magellan Pipeline Company, L.P. have entered into an agreement in which GROWMARK will acquire the refined fuels terminal near St. Joseph, Missouri.  Terms of the acquisition were not disclosed.

Acquisition of the facility will enable GROWMARK to ensure continued supply of refined fuels and solidify the cooperative’s commitment to the energy business and to northwestern Missouri and northeastern Kansas, according to Kevin Carroll, GROWMARK Vice President, Energy Division.

“This acquisition provides the opportunity to invest in one of our core businesses and is a strategic location for many of our customers,” Carroll said. “With the St. Joseph addition, we can better serve our petroleum business and this important part of our geography.”  In addition to the current diesel fuel availability at the terminal, GROWMARK intends to offer ethanol blends of gasoline in the future.

Carroll said the St. Joseph terminal will expand GROWMARK’s supply capacity and facilitate continued growth. “We currently have a reliable supply of refined fuels. However, with the addition of the St. Joseph terminal we will be able to more easily grow with our customers in the region,” he said.  Magellan will continue to deliver refined fuels into the St. Joseph terminal via its Midwest pipeline system.

GROWMARK provides energy-related products and services, agriculture-related products and services, and grain marketing in the Midwest and Ontario, Canada.  More information is available at www.growmark.com.

Amy Bradford GROWMARK Corporate Relations Manager
Cassie Becker GROWMARK Publications & Media Relations Specialist