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Pinnacle Agriculture Holdings announces the acquisition of certain assets from Mayfield Grain Company, Inc.

Friday, August 9, 2013 -

Mayfield, KY, August 7, 2013 – Pinnacle Agriculture Holdings, LLC (“Pinnacle”), through its subsidiary Jimmy Sanders Incorporated (“Sanders”), has acquired certain assets of Mayfield Grain Company, Inc. (“Mayfield Grain”).  Located in Mayfield, Kentucky, Mayfield Grain was founded in 1986 to serve the local community’s grain storage needs.  Today, Mayfield Grain is a full-service agricultural dealer offering seed, fertilizer, crop protection products and select precision agriculture services.

Sanders’ acquisition of the seed, fertilizer and crop protection assets will enhance its retail presence in in the western Kentucky market.  Sanders Mayfield will be managed by David Guthrie and will be located at 521 South 16th Street.  Grain elevator and grain marketing enterprise assets will remain part of Mayfield Grain and will continue operation at the 622 Allen Street address, as well as the 2559 Ste. Rte. 94 West address in Wingo.

“We are very excited about the recent acquisition.  Mayfield Grain is a long-established, respected business with similar company values and goals of grower success,” said Chris Drummond, Sanders Bluegrass Division Business Director.  “Here at Sanders, we are also committed to innovation and delivering new solutions to our farmers.  So, we are confident that the community Mayfield Grain has served so well will experience a seamless transition and continue to receive exceptional service.”

“I am very pleased to welcome Mayfield Grain into the Pinnacle family,” said Barry Knight, CCO of Pinnacle. “Mayfield Grain has been successfully serving western Kentucky growers for over two decades.  Under the Sanders umbrella, we look forward to continuing this tradition.  We are committed to focusing on the growers’ success as we do across the Sanders organization.”

The Mayfield Grain asset purchase will increase Sanders’ Kentucky footprint to eight full service retail locations and one dedicated wholesale facility.

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About Jimmy Sanders, Inc.

Jimmy Sanders, Inc. has been committed to supplying the highest quality farm input products for 60 years.  In addition to seed production and sales, the company provides agricultural chemical distribution, bulk handling of fertilizer, and – through its award-winning OptiGro® program – variable rate technology and other precision agriculture services.  Established in 1953, Sanders is headquartered in Cleveland, Mississippi, and currently services Mid-South growers through 108 locations across 10 states.

 

Jimmy Sanders Incorporated

Full-service Farm Input, Precision Agriculture and Supply Services

www.sanders.com

 

For more information, contact:

Tommy Thompson, Area Operations Manager

270-462-2142

tommy.thompson@sanders.com

 

David Guthrie, Location Manager

270-462-2142

david.guthrie@sanders.com

 

About Pinnacle Agriculture Holdings, LLC

Pinnacle Agriculture Holdings, LLC was established in mid-2012 by a management team led by Kenny Cordell and financed by Apollo Global Management, LLC.  Its mission is to create a best-in-class national retail distribution business through acquisitions and “greenfield” retail establishment.  For more information, visit www.pinnaclead.com.