Cargill

Cargill, Inc. Cargill Incorporated is an American food company. It is headquartered in Minnetonka, Minnesota. Cargill is a privately held global food corporation headquartered in the United States and ranked first among the world's largest agricultural companies. The family business is based in Minnetonka, Minnesota, and the descendants of the founder own more than 90% of the business. Cargill is one of the largest employers in the United States: 155-166 thousand employees work for the company in 70 countries. Cargill accounts for about 25% of US grain exports. Last year, the company's revenue was US$114.69 billion, making it the world's leading agricultural company.

History

The company was founded in 1865 by William Wallace Cargill in Iowa; It specialized in the grain trade. In 1890, the company was reorganized into the Cargill Elevator Company, headquartered in Minneapolis. In 1895, William Cargill's daughter married John Hugh MacMillan, who took over the company in 1909. Since then, the company has remained under the control of the Cargill and MacMillan families. Initially, the company sold grain from the Midwest to grain brokers on the East Coast, but in 1922 opened its own office in New York City. In 1929, an office was opened in Argentina. In 1936, the company changed its name to Cargill, Incorporated. In the 1930s, the company set up its own shipyard to build barges to transport grain. The 1930s also saw the company's confrontation with the Chicago Board of Trade; Cargill was expelled from the Chamber in 1938 for attempting to monopolize the maize market, and did not return until 1962.

By 1940, more than half of the company's revenue came from overseas operations, which had fallen sharply with the outbreak of World War II. Cargill began to develop related industries, such as the production of vegetable oils and animal feed; In 1943, a soybean processing plant was purchased. In 1953, a branch in Switzerland, called Tradax, was established; he was engaged in the grain trade in Europe and soon grew into one of the largest grain traders in the world. From the early 1960s, Cargill began selling grain to Hungary and the USSR. In 1972, the Soviet Union bought 20 million tons of grain from the United States (almost a quarter of the crop), of which 1 million tons came from Cargill. The company's turnover grew from $2.2 billion in 1971 to $28.5 billion in 1981. The company expanded into coal mining, steel production (in 1974 it was acquired by the North Star Steel Company), turkey and beef production, cotton trading, and financial services.

In early 2004, Cargill reached an agreement to merge its fertilizer assets with IMC Global into a new company called The Mosaic Company; two-thirds of Mosaic's shares went to Cargill's owners, while the rest went to IMC's shareholders. In October 2004, Mosaic began listing on the New York Stock Exchange. In 4, Cargill sold its stake in Mosaic.

At the end of 2011, Cargill acquired the Dutch company Provimi, a major manufacturer of animal feed and additives. The deal was worth €1.5 billion.

Owners and management
Cargill is a privately held company owned by the Cargill and MacMillan families. The CEO is David McLennan (since 2013).

Activities
Cargill Inc. is one of the world's largest private companies investing in food production. The company operates in 68 countries around the world. The company is engaged in the sale of grain, oil, sugar, cocoa products, beef, pork, turkey meat, etc.