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January 25, 2013

Cargill Purchases Pennfield Corporation

Cargill has purchased two animal feed mills previously held by Pennfield Corporation, but it plans to continue manufacturing the Pennfield equine feeds.

Pennfield filed Chapter 11 Bankruptcy in October 2011, after which Cargill made a bid on the company. The sale was finalized on Jan. 21.

According to Tami Jones of Pennfield, at this point in time, Cargill will continue to manufacture the equine feeds out of the Mount Joy, Pa., plant. The ingredients and manufacturing process will remain the same, and the equine feed will continue to be marketed as the Pennfield brand.

“Cargill was thrilled to acquire Pennfield and has acted through this process with the best interests of the customer in mind. They respect the Pennfield quality and brand and want only to enhance, not hurt it. I have been continually impressed by their vision thus far and wholeheartedly believe this was the best option for the business,” said Jones.

Additionally, Pennfield feeds will be available from the same suppliers and retailers as before the sale.

“We are thrilled to add Pennfield’s state-of-the-art facilities and knowledgeable employees to the Cargill family,” said Rob Sheffer, group director for Cargill’s Northeast region, in a statement.  “The deal not only expands our footprint in the region but it also provides us with additional capabilities and opportunities to serve new customer segments and enhance our offerings for existing customers in the region.”

 
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