Koch Acquires Purina Mills

Jan. 13, 2005
Koch Agriculture has completed its acquisition of Purina Mills Inc., a leading producer of animal-nutrition products with annual sales of $1.2 billion. The acquisition marks a growing commitment to agribusiness by Wichita-based Koch Industries Inc., a ...

Koch Agriculture has completed its acquisition of Purina Mills Inc., a leading producer of animal-nutrition products with annual sales of $1.2 billion. The acquisition marks a growing commitment to agribusiness by Wichita-based Koch Industries Inc., a privately held company with annual revenues in excess of $30 billion whose interests also include oil and gas, transportation, specialty chemicals, and financial services. Wednesday's announcement by the Koch Industries subsidiary did not include an acquisition price. However, Koch acquired all outstanding shares of PM Holdings Corp. common stock and assumed all debt of the company.

According to Dave Abbott, president and CEO of Purina Mills, the company will maintain its identity, culture, checkerboard logo, brands, and trademarks. "Our shared focus is creating greater value and improvements along the total food-production and marketing chain," Abbott said.

Koch Agriculture's own involvement in agribusiness includes animal feed production and distribution, beef production, fertilizer production, and agronomic services. With the acquisition of Purina Mills, it has gained a company that reportedly operates the largest animal-nutrition research facility in the world. In addition, St. Louis-based Purina Mills has 56 plants in 26 states.

Popular Sponsored Recommendations

Digital Transformation at Nestlé Purina

March 24, 2024
Nestlé Purina deployed Spot to automate thermal and acoustic inspections in their packaging lines. Autonomous inspections allow them to give time back to the maintenance technicians...

2023 Recruiting Trends in Manufacturing

March 8, 2023
What does the future hold for recruitment in the manufacturing industry? Gem surveyed nearly 100 seasoned talent acquisition professionals in manufacturing to understand their...

5 Reasons Your Business Does or Doesn’t Need an ESOP

March 18, 2024
Unlock the potential of ESOPs: Empower employees as shareholders; Tax benefits for business owners; Preserve legacy & streamline transition; Navigate complexities wisely.

Sale Leasebacks: Generating Cash for Manufacturers

April 4, 2024
Factories and distribution facilities can generate capital expenditure funds or operating cash by selling their facilities and leasing the property back.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!