Omaha’s Gavilon LLC, formerly the grain merchandising arm of ConAgra Foods and the nation’s third-largest grain storage company, may be headed for a multibillion-dollar sale.
A spokesman for Gavilon’s principal owner, hedge fund group Ospraie Management of New York City, said Friday that the business is considering “strategic alternatives,” a phrase that usually means a company is seeking a buyer. The statement did not name potential buyers or say when a sale might take place.
Gavilon has about 350 employees at its headquarters and trading room, leased from ConAgra in downtown Omaha, and about 2,000 employees at more than 300 locations, mostly in the United States. It recently opened an office in Kiev, Ukraine, and has offices on six continents.