Business Profile: Westway
Published on Mon, 10/29/2012 - 10:14am
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Westway’s origins date back to the 1940s when the Industrial Molasses Corporation, the predecessor to Westway, commenced business as a family-owned trader of molasses. Since then, Westway has evolved from a molasses supplier in the northeastern United States into a bulk liquid storage, and liquid animal feed business in collaboration with ED&F Man. During its recent history, Westway has successfully expanded its geographic footprint by growing the business organically and through acquisition. Following an initial strategic partnership in the early 1990s, Westway came under the full ownership of ED&F Man in 1995. Under the umbrella of ED&F Man, Westway followed a path of growth and diversification, making a number of strategic investments in bulk liquid storage capacity and liquid feed supplements including the acquisition of the international liquid animal feed, molasses trading and storage businesses of Cargill, Incorporated, which we refer to as “Cargill”, in 1997 and the acquisition of Tate & Lyle PLC’s United Molasses Company in 2002. Westway currently operates 33 terminals in North America and Australia. These provide a large geographical footprint and provide Westway with 7 deep water port locations. The balance of Westway’s manufacturing locations are either strategically located on navigable inland river systems or have direct railroad access. Westway continues to grow its business by investing in additional locations.
In May 2009 Westway became a publicly traded company on the Nasdaq (WWAY). Westway Group Inc consists of two operating companies Westway Terminal LLC and Westway Feed Products LLC. Westway Terminal company is a 3rd party storage company and has a multinational footprint. Westway currently employs nearly 500 employees worldwide.
©Westway Feed Products, 14015 Park Drive, Ste. 217, Tomball, TX 77377