Press Release: HELM Fertilizer Corporation signs agreement to take over CGB Fertilizer-activities
HELM Fertilizer Corporation, Tampa, FL, a wholly owned subsidiary of HELM AG, will add additional fertilizer distribution hubs along the Mississippi River and its tributaries from CGB Fertilizer as of May 31, 2019.
Tampa, Florida, USA; May 16, 2019
With this strategic step HELM underlines its expansion plans within the USA and expands the business activities towards the North. HELM Fertilizer Corporation then will be one of the largest fertilizer distributors in the USA.
This acquisition will enable HELM to market a total of three million tons of dry and liquid fertilizer into North America through 15 terminals and significantly increase its market presence from the U.S. Gulf to Canada.
Michael Peyton, managing director of HELM Fertilizer, explains: “This acquisition continues to show HELM’s dedication to our growth strategy of methodically expanding our North American fertilizer distribution footprint. We look forward to expanding our distribution system into a new geography and working with CGB Fertilizer’s employees, suppliers and customer base.”
About CGB Enterprises, Inc.
CGB Enterprises, Inc., headquartered in Mandeville, LA, is the holding company for the diversified businesses that comprise the CGB family with over 2,500 employees and operations in 40 states. In addition to the 97 grain facilities CGB operates, the company has dedicated operations in logistics and transportation (CTLC), fertilizer, crop insurance (Diversified Services), agri-finance (AgFi), soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc. and its family of businesses, please visit CGB Enterprises at www.cgb.com.
HELM AG is a family-owned company based in Hamburg, Germany, that was founded in 1900. HELM is one of the world’s largest chemical marketing companies and guarantees access to the world’s key markets through its specific regional knowledge and more than 100 subsidiaries, sales offices, and participations in over 30 countries. HELM AG employs 1,621 members of staff.
As a multifunctional marketing organization, HELM is active in the chemical industry, the crop protection industry, and the active pharmaceutical ingredients and pharmaceuticals industries as well as the fertilizer industry.
With this acquisition the business line Fertilizer of HELM will distribute around 4.1 mio mt in its core markets Europe, North America and Latin America. To serve the needs of the customer, HELM has it’s own storage facilities close to the agricultural markets.