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.
“Global grain trade volumes are expected to continue to grow, given the strong demand coming from developing nations, in particular ?xml:namespace>
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
($1 = €0.80)
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