3 Gavilon executives are out; parent company's disappointed CEO had promised 'dramatic measures'
http://www.omaha.com/money/gavilon-exec ... b5257.html
Scenario 1: New CEO comes in from Portland, Oregon. New CEO hates living in Omaha. New CEO moves headquarters to Portland, Oregon.
Scenario 2: Activist investor forces parent company to make changes. Parent company moves Gavilon headquarters.
Scenario 3: Treehouse foods moves into old Gavilon headquarters after scenario 1 or 2 happens.
Gavilon
Moderators: Coyote, nebugeater, Brad, Omaha Cowboy, BRoss
Re: Gavilon
As much as these scenarios would blow I cannot fault anyone for moving to Oregon or Chicago for that matter. But thanks for the new building.
15-17, 26, 32
Re: Gavilon
Wow I had no idea they were doing so poorly. It's too early to get a read on any of those situations. I have a feeling Marubeni is enough of an activist investor on its own, so I think that option is off the table for now. HQ moves are expensive, and if Gavilon is losing that much, an HQ move wouldn't be a good idea until they start improving or Marubeni sells off a few parts of Gavilon for quick cash. We'll have to wait and see.
When fortune smiles on something as violent and ugly as revenge, it seems proof like no other that not only does God exist, you're doing his will.
The Bride
The Bride
Re: Gavilon
A few months ago a friend that has been there for awhile said when they were part of ConAgra they were buying random companies that did not make sense for the Gavilon business. Now they are working on selling those pieces that they should not have bought in the first place. It sounded like they were smaller locations outside of Omaha and he was not at all worried about Omaha job loss.
Re: Gavilon
Yeah they own grain elevators and co-ops and scales all over the place, at least in the US. I used to work in the IT department as an assistant and I fielded calls from all sorts of weird places and I always wondered why or how we got them.Trips wrote:A few months ago a friend that has been there for awhile said when they were part of ConAgra they were buying random companies that did not make sense for the Gavilon business. Now they are working on selling those pieces that they should not have bought in the first place. It sounded like they were smaller locations outside of Omaha and he was not at all worried about Omaha job loss.
When fortune smiles on something as violent and ugly as revenge, it seems proof like no other that not only does God exist, you're doing his will.
The Bride
The Bride
Re: Gavilon
Report that Chinese company seeks to buy Gavilon has ‘no validity,' grain trader says it's not for sale
http://www.omaha.com/money/report-that- ... 136a4.html
Stay tuned! We've heard these words spoken before.
http://www.omaha.com/money/report-that- ... 136a4.html
Stay tuned! We've heard these words spoken before.
Re: Gavilon
Viterra to acquire Gavilon's grain, ingredients businesses for $1.1B
Thank goodness they are keeping the downtown location. But welcome Viterra. New logo in downtown soon enough. Big news week.Dan Crisler
As outlined in Viterra’s press release issued Wednesday, the company will purchase Gavilon’s two businesses from Gavilon’s parent company Marubeni Corp. for $1.125 billion plus working capital. Gavilon’s grain and ingredients businesses are headquartered in downtown Omaha.
Gavilon spokesman Patrick Burke said Gavilon Fertilizer, which is headquartered in Savannah, Georgia, will remain with Marubeni and transition to a standalone company. Additionally, Burke said, a few of Gavilon’s grain assets in the northern United States will remain with Marubeni subsidiary Columbia Grain International.
Viterra noted Gavilon is involved in the origination, storage and distribution of grains, oilseeds and feed and food ingredients to food manufacturers, livestock producers, poultry processors, soybean processors and ethanol producers located throughout the world.
Burke called the deal “exciting for Gavilon” as it will allow the businesses, pending the acquisition, “to expand our global network and create new opportunities for producers and customers throughout the supply chain.” Burke noted that Gavilon’s Omaha office will be the headquarters for Viterra’s grain and ingredient operations in the United States, Mexico and the Caribbean. As part of the acquisition, Burke said the acquired grain and ingredients businesses will take on the Viterra name.
Re: Gavilon
Gavilon --> Viterra --> Bunge
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
https://www.reuters.com/markets/deals/b ... 023-06-13/
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
https://www.reuters.com/markets/deals/b ... 023-06-13/
Reuters wrote:CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.