Co-Op Purchases Midwestern Terminal and Trucking Company
12.20.2012 - NEWS

December 20, 2012 [OPIS] - Regional cooperative Growmark will acquire a products' terminal in Ashkum, Illinois as well as a number of bulk fuel facilities in that state from Meier Oil Products.  


The assets purchased include a 250,000 barrel terminal in Ashkum, as well as smaller bulk fuel facilities at Kankakee, Pontiac, Sheldon, and Champaign, Illinois. The sale of a trucking company, Manito Transit, is also part of the deal from family-owned Meier.

The deal should enable Growmark to strengthen its distribution system for refined products, renewable, and lubricants for Growmark, and its affiliated cooperatives.

“Adding the Meier Oil business enhances our heritage and provides customers ongoing access to quality products,” noted Kevin Caroll, the vice president of energy for Growmark.

Advisors for the deal included Terry Monroe of American business Brokers in Effingham, and bill Fecht of WJF Services, in Normal, Illinois.

Growmark boasts more than $10-billion in annual sales and provides agriculture-related products and services as well as grain marketing in the Midwest and Ontario, Canada. It markets FS brand farm supplies and services through subsidiaries in the northeast as well.

Tepsa Netherlands nears completion of expansion, adding nine new storage tanks
02.14.2025 - NEWS
Tepsa Netherlands is set to complete its latest storage capacity expansion, adding nine new stora... Read More
MOL Group Successfully Tested the Production of HVO and SAF at Eastern European Refinery
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- MOL Group has produced a diesel fuel containing hydro... Read More
Verso Energy Plans €1.4bn e-SAF Production Facility in Finland
02.14.2025 - NEWS
February 14, 2025 [H2 View]- French company Verso Energy has agreed to build a hydrogen processin... Read More
PBF Refineries to Operate Up to 76% of Capacity in Q1
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- Independent U.S. refiner PBF Energy plans to operate ... Read More