CHS, Agrico Group form joint venture

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ST. PAUL, Minn. — CHS Inc., a leading energy, grains and foods company, and Agrico Group, headquartered in Moscow, Federal Republic of Russia, have formed a joint venture company named ACG to manage origination, logistics, export and worldwide marketing of Russian wheat, feed grains and potentially oilseeds.

The ACG joint venture does not include other Agrico businesses or operations. Employees working in Agrico grain origination, logistics and grain marketing will become part of the joint venture company, managed jointly in the Geneva, Switzerland, CHS Europe office.

“The formation of ACG further integrates our Black Sea strategy, giving CHS access to Russian grain origination, thereby improving our ability to serve global customers,” said Claudio Scarrozza, general manager, CHS Europe.

“The creation of this joint venture will allow Agrico Group to focus on its core activities, such as farming, meat production and consumer-ready fresh vegetables,” said Georgy Bogomolov, vice chairman, Agrico Group.

He added that the CHS and Agrico partnership is an important example of interest of large global, agricultural companies in the future of Russian agriculture.

CHS Inc.

CHS Inc. is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world.

CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services.

Agrico

Agrico is a privately-owned farm operator in Southern Russia that uses western-style practices and primarily produces wheat, rapeseed, potatoes, carrots, onions and animal feed.

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