Seaboard acquired in late 2014 30% of RussellStone Protein, a soy crush operation based outside of Pretoria, South Africa. The business will be operated by our partner, the RussellStone Group in coordination with Seaboard’s South African grain trading office. Our grain trading business has an agreement whereby all of the soybean meal produced by RSP is merchandized by Seaboard. The business fits strategically into the soybean meal import trading business of Seaboard as South Africa begins to produce more of its own meal for the feed manufacturing industry.
