Japan’s Marubeni to acquire US commodities trader Gavilon for $3.6bn

29 May 2012 13:44  [Source: ICIS news]

HOUSTON (ICIS)--Japanese trading major Marubeni has agreed to acquire US-based grain, fertilizer and energy commodities trader Gavilon for $3.6bn (€2.9bn), the companies said on Tuesday.

Marubeni said that the acquisition of Gavilon will further expand its grain and fertilizer trading businesses.

“Global grain trade volumes are expected to continue to grow, given the strong demand coming from developing nations, in particular China,” Marubeni said.

Gavilon said that as part of Marubeni it will be well-positioned to more efficiently supply growing global demand.

Omaha, Nebraska-based, Gavilon employs a staff of 2,000. It is ranked as the 19th largest private company in the US.

($1 = €0.80)

By: Stefan Baumgarten
+1 713 525 2653

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