Spotlight on Business: Wales Elevator is under new ownership

The elevator was purchased by the Gavilon Group, LLC which is based out of Omaha, Nebraska.

Wales logo

Posted on 12/13/14

By Melissa Anderson

Gavilon first began as F.H. Peavey & Company, later changed to Peavey Company, which built its first grain facility in Sioux City, Iowa in 1874. ConAgra Trade Group purcased the Peavey Company in 1982, making Peavey Company the largest publicly held grain merchandiser. In 2008 a group of investors formed Gavilon and acquired ConAgra Trade Group.

Gavilon currently has 13 locations in North Dakota, with the Wales location marking the 14 location.

Gavilon’s core services are in origination, storage and handling, transportation and logistics and marketing and distribution of grain, ingredients, and fertilizer to livestock producers, the commercial food industry, dairy producers, feed manufacturers and industrial users.

“Gavilon connects producers and consumers of feed, food and fuel, linking agricultural supply with demand through its global supply chain network” A representative of Gavilon said in a statement.

Gavilon intends to continue operating the elevator . The facility will continue to operate both a grain and fertilizer business.

“We had business with [previous owners] on a wholesale level for years at the Wales facility. The previous owners indicated they were interested in selling the facility, so we made the decision to purchase the facility” the Gavilon representative stated.

To contact Gavilon at Wales call 283-5222.