MILLSBORO, Del. — Mountaire Farms has signed a Letter of Intent with Nagel Farm Carrier to buy 3 grain elevators at the Japanese Shore of Maryland, corporate officers introduced, including that the grain amenities, positioned in Preston, Cordova, and Wye Generators, are key places for farmers at the Mid-Shore. Nagel Farm Carrier will retain its trucking, {hardware}, and crop insurance coverage companies.
“Our aim is to perform those amenities with the similar stage of outstanding carrier that native farmers have come to be expecting from Nagel Farms,” mentioned Rex Holstein, vp of agri-business for Mountaire Farms. “At Mountaire, we’re a family-owned corporate similar to the Nagels, and we proportion identical values. We respect how they’ve controlled their enterprise over time, and we will’t wait to proceed that legacy.”
Right through the approaching weeks, topic to adequate due diligence, Mountaire will finalize the acquisition and paintings with workers on transitioning their employment, advantages, and seniority to Mountaire.
Mountaire lately owns 9 grain elevators on Delmarva and 3 feed generators.
“The Nagel family members and our workforce of relied on workers will proceed to paintings in combination serving the farm group with the similar stage of care we have now for almost 80 years,” the Nagel family members mentioned in a observation. “We’re happy with the sturdy bond we have now with our dependable shoppers and look ahead to bettering those relationships thru remarkable carrier. Mountaire as a company is a superb are compatible with Nagel Farm Carrier as we each perform from two important rules: 1) prioritizing religion and a couple of) offering outstanding carrier to the farmer.”