Decision was made due to challenges being faced by the freight market.

The mill has the capacity to process 800 tonnes per day.

The company’s $2 million investment will help customers in the Middle East, Turkey and Africa leverage and apply global technology.

Overall, adjusted operating earnings at company fall 13% in second quarter.

The transaction is expected to close in mid-January.

Hall has been with the company for 33 years.

Deal boosts end-to-end solutions offering for animal nutrition and feed industries.

Both companies will have grain terminal operations in the port for 25 years.

Ratings agency cites company’s efforts to reducing earnings volatility.

The previous two-tiered executive leadership structure will be replaced by a single executive team.