Viserion Oilseed Processing, LLC, a newly formed subsidiary of Viserion International Holdco, LLC announced that its Elian Barcelona S.L. (Elian Barcelona) subsidiary has entered into an agreement to acquire the Soya Crush Plant, a soybean crushing facility located in Barcelona, Spain, from Cargill Inc. Viserion International and its subsidiaries are backed by a fund managed by Pinnacle Asset Management, L.P. (Pinnacle), a New York-based alternative asset management firm focused on global commodities markets.

The soybean crushing facility being acquired by Elian Barcelona, located at Moll Álvarez de la Campa in Barcelona, is a key infrastructural element of a supply chain serving the Catalan, Spanish and European feed and food ingredient sectors. Elian Barcelona intends to expand the plant’s capabilities to produce a wider range of sustainable food and specialty feed ingredients through concentration and textured protein. All current employees at the facility are expected to remain in their positions, and Elian Barcelona plans to increase the plant’s headcount as it increases the plant’s production activities.