date:Jan 21, 2013
The acquisition will be finalised 21 January and Cargill will assume ownership.
Under terms of the agreement, Cargill acquired Pennfields animal feed mills and associated assets located in Mount Joy and Martinsburg, Pennsylvania.
To help the sale of its assets, Pennfield filed voluntary Chapter 11 Bankruptcy petitions in US Bankruptcy court for the Eastern District of Pennsylvania in October 2012.
Cargills preliminary bid was filed with the bankruptcy court on 28 December last year. The judge