Pauls Valley, OK, Pauls Valley Democrat

Front Page

February 4, 2014

W.B. Johnston Grain is being sold to Louisiana company

ENID, Okla. — The oldest and largest privately owned grain company in the state, W.B. Johnston Grain, is being sold to a Louisiana company.

Johnston entered into a letter of intent to sell its grain company and related business to CGB Enterprises, a grain and transport business based in Covington, La.

The transaction is expected to close within 35 to 40 days, according to a press release from the companies announcing the sale.

“We are looking forward to being a part of the CGB team,” said Johnston CEO Butch Meibergen said. “WBJ prides itself in providing producers with services they need, and we look forward to offering even more resources in the future through CGB’s global network.”

“This exciting combination brings together the forward thinking regional leadership and 120-year history of WBJ with the entrepreneurial CGB expertise and infrastructure,” WBJ President Joey Meibergen said, “thereby strengthening the position of the company and ultimately resulting in greater efficiencies and a higher level of service for the WBJ customer base.

“Butch and I look forward to joining the CGB team and achieving our growth goals together.”

WBJ operates 19 grain elevators throughout Oklahoma and Texas, including two grain terminals, an 18 million-bushel rail terminal in Enid and a 2 million-bushel rail shipper/receiver facility in Shattuck.

“We are excited about the WBJ group of businesses and employees joining the CGB team,” said CGB President & CEO Kevin Adams. “The Meibergen family has successfully grown and nurtured the WBJ business over its long history and we believe they complement our growing CGB group of businesses.

“Our staff plans to work closely with WBJ’s customers, suppliers and employees to make the integration process as seamless as possible.”

CGB has 74 grain elevators across the Midwest and provides services for producers and manufacturing industries. The company’s activities include grain handling and merchandising, soybean processing, crop insurance, fertilizer, agri-finance, feed ingredients, bulk handling and stevedoring, and transportation and logistic services.

Also, Bruce Oakley Inc. announced Monday it has signed a definitive agreement to purchase Johnston’s Port 33, a wholly owned subsidiary of W.B. Johnston Grain.

The companies expect to close the sale on or about Feb. 8. Terms of the transaction were not disclosed.

Johnston’s Port 33 was founded by Lew Meibergen in the early 1980s. Meibergen, along with his son Butch and grandson Joey, have expanded the company’s scope and size of business tremendously over the years to include storage and handling of dry bulk commodities such as fertilizer, pig iron, coal and petroleum products.

JP33 operates four ports, two owned and two managed, on the Arkansas and Lower Mississippi rivers.

Johnston has gained a strong reputation for its efficient port operations and management, including its general manager, Steve Taylor, and his family members Fred, Larry and Josh, all of whom will be remaining with the business, according to a press release from the companies. Lew Meibergen will remain as consultant.

Bruce Oakley was founded by Bruce Oakley in 1968 in El Paso, Ark. The company is headquartered in North Little Rock.

Bruce Oakley, led by Dennis Oakley and his family, has grown the company into a diversified bulk commodity sales and transportation company serving customers domestically and abroad.

1
Text Only
Local News
Dancing VBS

Following along and getting into a good groove with music teacher Candace Gibson, three-year-old Bailen Davis knew all the moves for Vacation Bible School at First Baptist Church in Pauls Valley this week.

Sports
Obituaries
  • Francis Leona ‘Chock’ Rutledge

    Francis Leona “Chock” Rutledge, 94, of Lindsay was born Nov. 29, 1919 and passed away July 22, 2014 in Norman, Okla.

    July 25, 2014

  • Nellie Travis

    Nellie Lee Dutton Travis of Elmore City, Oklahoma was born September 10, 1932 in Blackwell, Oklahoma to the late Ferguson Roosevelt “Ted” Dutton and Alice Vaughncil Harrison Dutton and passed from this life on July 22, 2014 at her home in Elmore City, Oklahoma at the age of 81 years.

    July 25, 2014

  • Lisa D. Brinkley

    Lisa D. Brinkley of Springdale, Arkansas was born to Clarence (C. L.) and Bertha (Wright) Pelfrey on November 3, 1947 in Yuba City, California and passed from this life on July 15, 2014 in Pauls Valley, Oklahoma at the age of 66 years.

    July 17, 2014

  • Roger Glen Clayton

    Roger Glen Clayton, of Wynnewood, was born April 22, 1960 in Arizona to Sonny B. and Wanda Ruth (Riddle) Clayton. He passed away July 10, 2014 in Newcastle, Oklahoma at the age of 54 years.

    July 17, 2014

Community News
State News
  • Purcell, Lex bridge ready for traffic

    A couple of area communities are likely feeling a collective sense of relief as a normally well traveled bridge is set to reopen this week.

    June 13, 2014

  • Robbery Suspect Search on after bank robbery

    A manhunt is on for a lone man who robbed a Pauls Valley bank early Monday afternoon.

    June 11, 2014 1 Photo

Business
Business Marquee
Entertainment Reviews
Dawn of Apes Poster

Poster for "Dawn of the Planet of the Apes," showing this week at the Royal Twin Theater of Pauls Valley.

  • ‘Dawn of Apes’ takes franchise to best level yet

    Since I’m not rolling in the corporate movie profits and typing from a solid gold i-Pad, you’ll just have to trust me that I’m not being paid off to write so many glowing sequel reviews in recent years.

    July 22, 2014 1 Photo

Must Read
AP Video
Raw: Massive Dust Storm Covers Phoenix Raw: Bolivian Dancers Attempt to Break Record Raw: Palestinians and Israeli Soldiers Clash Raw: Israel, Palestine Supporters Rally in US Video Shows Smiling American Bomber in Syria Raw: Shipwrecked Concordia Completes Last Voyage Raw: Planes With MH17 Victims Land in Eindhoven 12-hour Cease-fire in Gaza Fighting Begins Kangaroo Goes Missing in Oklahoma Raw: Air Algerie Flight 5017 Wreckage Raw: Deadly Tornado Hits Virginia Campground Raw: Sea Turtle Hatchlings Emerge From Nest Israel, Hamas Trade Fire Despite Truce in Gaza Raw: Violent Clashes Between Libyan Militias Kerry: No Deal Yet on 7-Day Gaza Truce Judge Faces Heat Over Offer to Help Migrant Kids Cumberbatch Brings 'Penguins' to Comic-Con Raw: Tanks Patrol Gaza Streets During Ceasefire Raw: Sirens After Explosions in Israel Today in History for July 27th
Stocks