Heartland Grain
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Heartland Co-op to Lease CGB’s Wever, Iowa Facility

Mandeville, LA - Consolidated Grain and Barge Co. (“CGB”), a wholly owned subsidiary of CGB Enterprises, Inc., is pleased to announce that it has entered into an agreement to lease its Wever, Iowa facility to Heartland Co-op.

 “This arrangement allows both companies to work toward providing long-term value to the producers in southeast Iowa.  Heartland is a highly respected organization with whom we look forward to working with,” said Steve Burbrink, Director of Business Development at CGB.

The agreement was finalized on July 8th, and Heartland Co-op will begin operating the facility on August 1st.  CGB values its relationships with producers in Wever and surrounding communities; the company fully expects the transition to Heartland will be a seamless and positive one.

“With our recent construction of a state of the art shuttle loading terminal in Fairfield, IA, this agreement is a great complement to our initiatives in the region. We very much look forward to growing our relationship with area producers and adding value to our over 5,700 active Heartland Co-op members across the state,” said Tom Hauschel, Heartland Co-op’s CEO and General Manager.

About CGB Enterprises, Inc.

CGB Enterprises, Inc., headquartered in Mandeville, LA, operates 97 grain facilities across the Midwest. In addition to grain facilities, the company has dedicated operations in logistics and transportation, fertilizer, crop insurance, agri-finance, soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc, please visit www.cgb.com.

 About Heartland Co-op

Heartland Co-op is a full service cooperative with core businesses in grain, agronomy, fuel, and feed.  Headquartered in West Des Moines, IA, Heartland Co-op operates 71 locations across Iowa. The company provides its members and patrons with value added, innovative solutions that help farmers produce and market in a profitable manner. To learn more, please visit www.heartlandcoop.com

Futures
Quotes retrieved on August 31, 2016, 08:50:46 PM CDT
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