Cargill has announced its completion of the acquisition of Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky.

"This marks a significant milestone as we welcome Owensboro Grain Company into our Cargill family," said Leonardo Aguiar, president - agricultural supply chain, Cargill - North American. "The addition of Owensboro Grain is an essential step on our journey to creating a connected, resilient and modernized grain experience for our customers and the markets we serve."

The addition of Owensboro Grain Company will enhance Cargill's efforts to increase capacity across its North American oilseeds network to support the growing demand for oilseeds driven by food, feed, and renewable fuel markets.