MARTINSVILLE, Ill. (WTWO/WAWV) — A family-owned company, in business for over 100 years is being sold to another entity.
Littlejohn Grain Incorporated has announced that they intend to sell their company to Effingham Equity. A news release states that the deal includes four grain elevators located in Martinsville, Westfield, and Snyder, as well as a shuttle train loader on U.S. 40 in Martinsville. The deal is expected to be finalized in June.
Founded in 1923, Littlejohn Grain Inc. had been passed down through five generations of the Littlejohn family.
Littlejohn Grain President, Kent Littlejohn, said the decision to sell came after a lot of thought.
“We are very proud of what our family and our team have accomplished over the last 101 years,”
said Kent Littlejohn, President of Littlejohn Grain. “We are grateful to our loyal customers and
dedicated staff for their support and trust. We believe that Effingham Equity is the right partner to take our business to the next level and to offer our customers the best opportunities and solutions in the market. We are confident that this transition will be smooth and beneficial for everyone involved.”
Effingham Equity is a farmer-owned cooperative, established in 1919. With this acquisition, the group will operate seven grain facilities with a storage capacity of 21 million bushels.
“We are thrilled to welcome the customers and employees of Littlejohn Grain to The Equity family,” said Tim Bence, Managing Executive Officer of The Equity. “Littlejohn Grain has a long and proud history of serving the farmers and communities in this region, and we are honored to continue that legacy. We look forward to providing the highest quality of service and grain marketing that our customers have come to expect from us.”
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