CHS,LOL proceed with Agriliance reposition;LOL pays combined 234 M to debtholders and CHS

摘要

CHS Inc.andLand O'Lakes,Inc.said Sept.4 they have completed the repositioning of two of their Agriliance LLC joint venture businesses.The Agriliance wholesale crop nutrient business has been transferred to CHS,while the crop protection business has moved to LOL.LOL President and CEO Chris Policinski and CHS President and CEO John Johnson said repositioning the businesses is a sound strategic step for both companies and their customers.