November 29, 2011
Contact: Steve Burbrink
CGB Enterprises, Inc.
1127 Highway 190, East Service Road
Covington, LA 70433
CGB Enterprises Inc. acquires assets of Twomey Company
CGB Enterprises, Inc. (CGB) and Twomey Company (Twomey) are pleased to announce that CGB has purchased the grain and fertilizer assets owned by Twomey. These assets consist of 8 locations, one of which is a barge loading terminal near Gladstone, IL. The total storage capacity is 51 million bushels as well as 18,000 tons of liquid fertilizer capacity. These facilities will add additional loading capacity on the Mississippi River for CGB. Smithshire, IL, November 29, 2011:
Twomey Company, headquartered in Smithshire, IL. , is a successful third generation grain and fertilizer company that provides CGB with well-maintained assets and a solid customer base in northwestern Illinois.
CGB’s headquarters are located in Mandeville, LA. They operate over 70 grain facilities, a soybean processing plant, logistics, stevedoring and marine services, wholesale fertilizer marketing, financial services, crop insurance and farmer marketing services. For more information on CGB Enterprises and its divisions, please visit: www.cgb.com.