Denver firm grows operations in Louisiana with acquisitions

A Colorado company aiming to build a $400 million grain terminal in Louisiana’s St. John the Baptist Parish is growing its network of elevators in the South.

Denver-based Greenfield Holdings LLC recently announced its acquisition of four grain elevators already operating in Louisiana and Arkansas, The Times-Picayune/The New Orleans Advocate reported.

Each elevator will connect with farmers and source products such as wheat, corn, soybeans and rice, Greenfield Holdings CEO Adam Johnson said.

Greenfield’s assets now include elevators in the Louisiana towns of Crowville and Delhi, along with one in Parkdale, Arkansas. Each elevator is being leased by another company, but Greenfield will assume operations at some point in 2022.