Scoular Acquires Grain Facilities in Weiser, Idaho
July 6, 2012
OMAHA, NE (July 6, 2012)– The Scoular Company announced today that it has acquired two grain-handling facilities in Weiser, ID, from Weiser Feed and Storage, Inc. Terms of the transaction were not announced.
Kevin Thompson, Senior Group Manager who oversees Scoular’s facilities in Idaho and Utah, says the goal is to make the transition from Weiser to Scoular as easy as possible. “Operations in Weiser will be much the same as they were before. Most importantly, Kevin Jones will be staying on to manage the facility under Scoular ownership. We’re excited to welcome Kevin and the Weiser Feed employees to Scoular.”
Scoular will handle, store, and merchandise grains as well as operate the seed cleaning business. The company also plans to upgrade the 520,000-bushel facility on the east side of Weiser by expanding its drying capacity. “We want to make it more convenient for farmers to harvest their corn in a timely and profitable manner,” said Thompson. The slated improvements are expected to be complete by September, ahead of the area’s corn harvest. Local producers interested in bids or more information about the Weiser facilities may contact Kevin Jones at (208) 414-1882 or firstname.lastname@example.org.
The Weiser acquisition is the first of several steps in Scoular’s growth strategy now being implemented in western Idaho. Presently, the Jerome facility is being expanded to increase its grain and feed handling capabilities. Thompson says plans also are underway to extend the company’s grain origination and handling into the central part of Idaho’s Treasure Valley.
In addition to the two Weiser facilities, Scoular operates several other facilities and trading offices in the intermountain region. These include grain-handling facilities in Bancroft, Grace, Jerome, and Michaud, ID; Ogden, UT; and Butte, MT, as well as a trading office in Portland, OR. As a whole, the 120-year old, employee-owned company has more than 70 offices and facilities across North America. Nearly 700 Scoular employees tailor risk-management solutions for the company’s customers by buying, selling, storing, and transporting grain and ingredients for use in feed, food, and renewable fuel markets worldwide.