20th August 2024
After what has been a successful five-year relationship, Frontier Agriculture has now acquired the assets of Fengrain Ltd.
The acquisition sees 93,000 tonnes of combinable crop storage from the Fengrain site, located in Wimblington, Cambridgeshire, now incorporated into Frontier’s existing network to provide continued services in a key arable region.
Speaking of the development, Frontier’s grain director, Simon Christensen, says: “The acquisition of Fengrain is positive news and means we’re able to provide growers with more financial security and grain handling expertise across the East of England.
“Our ownership of the Wimblington site will also allow further investment into the facilities there and we’re very pleased to welcome the expertise of those from Fengrain into the regional Frontier team.”
The development comes after Frontier became Fengrain’s marketing partner in 2019, with Fengrain being a farmer-owned co-operative at the time providing grain storage, cleaning, drying and haulage services to its members. Frontier will continue to offer all of these as part of its broader grain marketing business, servicing both existing and new customers.
Simon adds: “Our ongoing investment into our storage operations means we can continue to support resilient and sustainable supply chains, supporting our farmers and delivering against the food safety requirements of our consumer customers.”
Richard Means, Chairman of Fengrain, reiterates the benefits of the acquisition: “We have been on an interesting journey at Fengrain over the last few years and have now agreed a deal which delivers the right result for our members and the future of the store.
“The new storage and marketing arrangement should incentivise and provide flexibility for all who use it going forward. To complete this transition with support from our members in such a short time is also credit to all involved and we are looking forward to working more collaboratively with Frontier.”
Frontier is committed to long-term investment in UK agriculture to benefit growers, grain customers and supply partners as part of its sustainability strategy, The Responsible Choice.
