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Grain Trader Scoular Hunts for Deals as Industry Slump Provides Bargains.

Authors :
Freitas Jr., Gerson
Almeida, Isis
Source :
Bloomberg.com; 3/22/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

US grains trader Scoular Co. is actively seeking acquisitions to drive its growth, taking advantage of the current downturn in the industry. The company aims to increase its earnings by 15% annually and has already acquired 12 grain handling facilities in the past three years. The grain industry is facing challenges due to higher inflation and interest rates, leading to more companies divesting their assets. Scoular is also looking to capitalize on the growing demand for biofuels in the US by converting a sunflower plant into a feedstock for renewable diesel and green jet fuel. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176214636