Cargill announced it has sold its Martinsburg, Pa., based feed mill and grain elevator to Risser Grain, LLC, located in Holtwood, Pa.
Under the terms of the agreement, Risser Grain is acquiring the property and assets such as machinery and equipment. The sale closed Aug. 30, 2013.
Cargill acquired the Martinsburg facility in January 2013 upon securing the winning bid to acquire the feed mill assets of Pennfield Corporation in a bankruptcy proceeding.
Concurrent with the sale, Risser is entering into an agreement with Key State Ag Service, LLC. Under this agreement, Key State will shift its retail agriculture business operations from New Enterprise to the Martinsburg facility, and will manufacture feed products for Cargill from the new location. Risser will operate the grain elevator portion of the facility. All full-time employees affected were offered positions with Key State Ag Service.