Scoular Acquires Hi-Pro Shuttle Train Grain Facility in Dexter, N.M.

OMAHA, NE (April 30, 2014) – The Scoular Company (“Scoular”) and Hi-Pro Feeds Inc. (“Hi-Pro”) are pleased to announce the acquisition by Scoular of Hi-Pro’s corn processing facility in Dexter, New Mexico.  The Dexter corn processing facility, built in 2002, produces steam-flaked and rolled corn and includes a shuttle train loop track connected to BNSF’s Southwestern line capable of handling a 110-car unit train and storage capacity for 850,000 bushels of corn. Terms of the transaction, scheduled to close on May 5, 2014, were not disclosed.

“We will focus on bringing corn to the area as efficiently and cost-effectively as possible for use by eastern New Mexico dairy operations,” said Bob Ludington, Scoular’s Chief Operating Officer. Merchandising and accounting for the facility will be directed by Curt Greiner in Scoular’s office in Omaha, Neb. Customers interested in purchasing whole grain, flaked grain, or feed products may contact Scoular at 402-342-3500.

“We are confident that Scoular, with its deep understanding of grain trading and handling, along with its assets in the US grain belt, will be able to serve the New Mexico market competitively,” said Daren Kennett, Senior Vice President and Founder of Hi-Pro Feeds.

Dean Prevost, Hi-Pro Chief Executive Officer stated that Hi-Pro will continue operation of its feed mills in South Dexter (6967 Old Dexter Hwy, Dexter, N.M.); Clovis, N.M.; Cheyenne, Okla.; Friona, Tex.; and Comanche, Tex.; and seven mills in Canada. “We remain committed to our customers in the market surrounding Dexter, N.M., and those in the dairy business. We are invested in the market and will continue to focus on delivering value-added feed products through our South Dexter and Clovis facilities, as well as our mills in Oklahoma, Texas, and seven mills in Canada,” added Prevost.

About Scoular

A 120-year old company with more than $6 billion in sales, The Scoular Company operates 90 independent business units that provide diverse supply chain solutions for end-users and suppliers of grain, feed ingredients, and food ingredients around the globe. From more than 70 offices and facilities in North and South America, our 700+ employees are engaged in the business of buying, selling, storing, and handling grain and ingredients as well as managing transportation and logistics worldwide.

About Hi-Pro

Hi-Pro Feeds is a North American leader in the manufacturing and distribution of livestock feed. Hi-Pro has 12 facilities across Western Canada and the Southwestern United States, serving commercial and acreage-based livestock producers. Hi-Pro manufactures and distributes specialty feeds, pre-mixes, supplements, and commodity ingredients for dairy & beef cattle, poultry, swine, and other livestock. Headquartered in Okotoks, Alberta, the company’s roots go back to 1942.

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