Indiana, USA-headquartered grain trader Kokomo Grain is selling three of its Tennessee-based grain elevators with a combined capacity of 920,000 bushels in an auction to be held on 14 April.
Kokomo chief financial officer John Sigler said the facilities – located in Manchester, Decherd and Tullahoma – would be sold so the company could focus its operations on the Eastern Corn Belt, wrote World Grain on 13 February.
“These are good facilities with established markets and they would be a great opportunity for the right buyer,” Sigler said.
The Manchester facility has a storage capacity of 362,000 bushels and included four grain legs, an office, shop and storage buildings, a truck scale and a covered unloading pit.
The Decherd location had a capacity of 278,000 bushels and came with three grain legs and a truck scale, while the Tullahoma facility could store 280,000 bushels and had an 8,000 bushels/hour unloading capacity.
Kokomo Grain sells whole grains, including soyabeans, corn and wheat, to processors for eventual use primarily in food, soft drinks, and animal feed, the company said on its website.