ConAgra Trade Group becomes Gavilon

By | May 09, 2008
ConAgra Foods Inc. has agreed to sell ConAgra Trade Group to the Ospraie Special Opportunities Fund, part of Ospraie Management LLC. The sale price will be $2.1 billion and is subject to certain adjustments. ConAgra Trade Group will be renamed Gavilon LLC after the sale is complete. The new entity will continue to work with ConAgra's customers in the renewable energy industry as it makes the transition. "We are excited to acquire this dynamic business and look forward to working with Gavilon's talented team to build on the success of its agricultural, energy and fertilizer commodities distribution, merchandising and trading," said John Duryea, portfolio manager for the fund.