Baker McKenzie is advising Zen-Noh Grain Corporation (ZGC), a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh), in its agreement to acquire 35 operating US grain origination elevators along the Mississippi River from Bunge North America, Inc. (BNA), a subsidiary of Bunge Limited (St Louis, MO; NYSE: BG). Closing on the transaction is subject to regulatory approval.

ZGC’s affiliate, CGB Enterprises, Inc. (CGB, Covington, LA), will operate the acquired facilities through its wholly owned subsidiary, Consolidated Grain and Barge Co. CGB currently operates more than 100 grain origination facilities in the US. CGB serves a vital role as a direct connection to the US farmer by providing an array of services from buying, storing, selling and shipping crops, to financing and risk management.

ZGC recently expanded its Convent, LA export elevator’s annual capacity. This acquisition contributes to ZGC’s ability to adequately source a stable supply of grains, oilseeds, and feed ingredients for Japan and other destinations by strengthening its origination across a broader footprint in the US.

The Baker McKenzie deal team was led by Dieter Schmitz with associate support from Colin McGee and Piotr Korzynski. Other partners providing advice were John Fedele (antitrust), Sarah Winston (real estate), John Watson and Jessica Wicha (environmental), Rod Hunter (trade and investment) and Kai Kramer (tax). The Japan team was led by Hiroshi Kondo.

Baker McKenzie is one of the leading firms for cross-border transactions, providing strategic advice on deals involving the world’s leading financial institutions and multinational companies. From deal inception to business integration, we provide an end-to-end service that helps clients bridge the gap between aspiration and achievement.

For more information about this transaction, please see ZGC's press release or Bunge's press release.

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