CGB GRAIN NEWS


Consolidated Grain and Barge Co. Announces Acquisition of Food-Grade Soybean Business

Consolidated Grain and Barge Co. Announces  Acquisition of Food-Grade Soybean Business

Mandeville, LA - Consolidated Grain and Barge Co. (“CGB”), a leader in the grain and transportation industries since 1969, is pleased to announce its acquisition of the food-grade soybean division of Quality Technology International, Inc. (“QTI”).

The new food-grade soybean business will trade, ship and sell specialty food soybeans via container to Japan, and domestically for processing and resale to Japanese food manufacturers.  Common food uses for these soybeans are Japanese staples including tofu, miso, and natto.

“CGB is well experienced in the Identity Preserved (IP) and specialty grain markets.  This new business fits perfectly into our Market Development group as we work to expand in the food and consumer areas for non-GMO, specialty, and organic areas,” said Eric Kresin, General Manager, Market Development.

About Quality Technology International, Inc.

QTI is a recognized leader in providing natural gut health products for conventional, organic and ABF production. For more information, contact Quality Technology International at 847-649-9300, or email info2@qtitech.com.

About Consolidated Grain and Barge Co.

Consolidated Grain and Barge Co., a wholly owned subsidiary of CGB Enterprises, Inc., is headquartered in Mandeville, LA, and operates over 100 grain facilities across the Midwest.  In addition to grain facilities, CGB Enterprises, Inc. has dedicated operations in logistics and transportation (CTLC), crop insurance (Diversified Services), agri-finance (AGRIfinancial Services), soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc. and its family of businesses, please visit www.cgb.com.

 

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