For immediate release
Information: Annette Degnan, 651-355-5126, firstname.lastname@example.org
CHS signs agreement to acquire soy protein firm Solbar
ST. PAUL, Minn., Nov. 23 CHS, the nations leading farmer-owned cooperative today announced it
has signed an agreement with Solbar Industries Ltd., a global leader in specialty soy proteins and
soy isoflavones to acquire 100 percent of the shares of Solbar. The purchase price reflects an
equity value of approximately $133 million.
Provided all conditions are met, the parties anticipate closing on the CHS acquisition of Solbar in
the first quarter of calendar 2012. Among the required conditions are the approval of the
shareholders of Solbar and antitrust approvals in certain jurisdictions outside the United States.
Solbar provides soy protein ingredients to manufacturers in the meat, vegetarian, beverage, bars
and crisps, confectionary, bakery, and pharmaceutical manufacturing markets. Solbar corporate
offices are in Ashdod, Israel, with manufacturing and logistics facilities in Ashdod and Ashkelon,
Israel; South Sioux City, Nebraska; and Ningbo, China; and a sales office in Oakdale, Minn. Solbar
is a public company, traded on the Tel Aviv Exchange since 2004.
CHS Inc. (www.chsinc.com) is the nations leading cooperative, owned by farmers, ranchers and
co-ops across the United States. A diversified energy, grains and foods business and a Fortune 100
company, CHS is committed to providing the essential resources that enrich lives around the world.
CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with
business solutions including insurance, financial and risk management services. The company
operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand
refined fuels, lubricants, propane and renewable energy products. CHS preferred stock is listed on
the NASDAQ at CHSCP.
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