Green Plains Acquires Assets Of Supreme Cattle Feeders From Agri Beef Co.

(RTTNews) - Green Plains Inc. (GPRE) announced that is has acquired the assets of Supreme Cattle Feeders from Agri Beef Co. The asset acquisition includes the feed yard doing business as Supreme Cattle Feeders and the Cimarron Grain storage facility based near Kismet, KS.

"Supreme Cattle Feeders is one of the premier cattle feed yards in the U.S. and this operation is an ideal adjacent business for Green Plains," stated Todd Becker, President and Chief Executive Officer. "The custom cattle-feeding business gives us the ability to further process our distillers grains and corn oil, and extend our corn origination network. We also believe that this transaction will be accretive to 2014 earnings."

Supreme Cattle Feeders will remain a custom cattle-feeding business and will continue to operate under its current name. Supreme Cattle Feeders financial results will be reported as a part of Green Plains' agribusiness segment, the company stated.