US agribusinesses Bartlett and Shell Rock Soy Processing (SRSP) are set to combine their soyabean crushing businesses.
The joint venture company would adopt Bartlett’s branding, the companies said on 18 June.
Bartlett’s crushing plant in Cherryvale, Kansas, and SRSP’s in Shell Rock, Iowa, would continue operating following the move, but combining their crushing capabilities would provide the joint venture with significant growth potential, the companies added.
Subject to due diligence by both parties and the completion of closing conditions, the business combination was expected to close by January 2027.
“Shell Rock fits perfectly in the Bartlett network,” said Bob Knief, executive director of Bartlett.
“This combination will offer growth opportunities for our business and our team members, creating efficiencies and resilience.”
Both companies said they shared a commitment to connecting US farmers to expanding markets for food, feed and renewable fuels.
Established in 1907, Bartlett joined the Savage group of companies in 2018 and
is active in the acquisition, storage, transportation, processing and merchandising of grain. A leading US exporter of grain to Mexico, the company also produces a range of flour.
Independently-owned company SRSP’s Shell Rock facility became operational in January 2023.
