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Cargill Timeline<br />

1865 – Present<br />

1865<br />

William Wallace Cargill leaves the family home in Janesville, Wisconsin and becomes the proprietor of a<br />

grain flat house in Conover, Iowa. The flat house, a type of warehouse that preceded country elevators, was<br />

at the end of the McGregor & Western Railroad line.<br />

1867<br />

In 1867, W. W. Cargill is joined by two of his younger brothers, Sam and Sylvester, in Lime Springs, Iowa,<br />

where the business constructs a grain flat house and opens a lumberyard.<br />

1868<br />

W. W. Cargill marries Ellen Stowell in Ossian, Iowa, and moves to Austin, Minnesota, where he builds his<br />

first Minnesota flat house. W. W. acquires storehouses to take advantage of the great post-war agricultural<br />

and railroad expansion throughout the plains.<br />

1870<br />

W. W. Cargill's business is headquartered in Albert Lea, Minnesota, to take advantage of the expansion of<br />

the Southern Minnesota Railroad. About this time W.W.'s brother, Sylvester S. Cargill, becomes<br />

independent, eventually establishing the Victoria Elevator Company in Minneapolis.<br />

1875<br />

W. W. Cargill moves his family and headquarters to La Crosse, Wisconsin. The city is a logical choice<br />

because it is the point at which the Milwaukee Railroad and the Southern Minnesota Railroad connect.<br />

James F., one W. W. Cargill's younger brothers, joins the family business.<br />

1878<br />

The Milwaukee Railroad expands the Southern Minnesota Division westward towards the border. Cargill<br />

follows this growth, and experiments with vertical integration by establishing a 5,760-acre farm near<br />

Sherburn, Minnesota. Known as "The Mule Farm," it loses money.<br />

1880<br />

W. W. Cargill invests in two Minnesota flour mills at Houston and Hokah. W.W. builds his first terminal<br />

elevator, an elevator at the head of a railroad line, in LaCrosse.<br />

1881<br />

W. W. Cargill begins to build a family mansion in La Crosse, Wisconsin. It becomes a showplace in the<br />

town, and was built across the street from Duncan McMillan's home, setting the stage for the joining of the<br />

two families.<br />

© 2011 Cargill, Incorporated. Page 1 of 16


1884<br />

John H. MacMillan, 15 years old, goes to work in his father's bank in La Crosse, Wisconsin. W. W. Cargill<br />

& Bro. in La Crosse is formally separated from Minnesota and the Dakotas by the establishment of Cargill<br />

Brothers in Minneapolis.<br />

1885<br />

The three Cargill brothers own or control 102 structures in Minnesota and the Dakotas (and smaller<br />

holdings in Iowa and Wisconsin) with a total grain capacity of over 1.6 million bushels. By this time,<br />

Minneapolis and Duluth are identified as prominent grain centers.<br />

1887<br />

W. W. Cargill forms the Sault Ste. Marie Land Company to take advantage of the growth expected after the<br />

Soo Line railroad connected the lock area with Minneapolis. Sam Cargill leaves La Crosse to manage the<br />

Minneapolis, Minnesota office.<br />

1890<br />

The Minneapolis operation, under the direction of Sam Cargill, drops the "Cargill Bros." name and<br />

incorporates under Cargill Elevator Co.<br />

1891<br />

Three MacMillan brothers, John H., William D., and Daniel D. move to Fort Worth, Texas, to set up a<br />

grain business under the name D. D. McMillan & Sons.<br />

1892<br />

W. W. Cargill & Bro. incorporates as W. W. Cargill Company of La Crosse, Wisconsin. Sam Cargill<br />

opens an office in Duluth, Minnesota, and the Cargill Commission Company is formed to trade grain in<br />

Duluth.<br />

1893<br />

The Superior Terminal Elevator Company, a subsidiary of the Minneapolis Cargill Elevator Company, is<br />

established by W. W. and Sam Cargill and Fred Lindahl. A 2.3-million-bushel elevator is constructed at<br />

Superior, Wisconsin.<br />

1895<br />

John H. MacMillan and Edna Clara Cargill marry in La Crosse, Wisconsin, formally joining the two<br />

families. Their first son, John, Jr., is born in December.<br />

1898<br />

John H. MacMillan, Sr., and Daniel D. MacMillan return from Texas, and begin to work for W. W. Cargill.<br />

© 2011 Cargill, Incorporated. Page 2 of 16


1899<br />

Deaths of three officers of Sawyer and Austin Lumber Company motivates the takeover of management by<br />

W. W. Cargill, an investor, and the naming of John H. MacMillan, Sr., as the lumber company's general<br />

manager with offices in Pine Bluff, Arkansas.<br />

1903<br />

Sam D. Cargill dies, creating a void in leadership. John H. MacMillan, Sr., moves to Minneapolis from<br />

Arkansas to become general manager. W. W. Cargill becomes the sole owner of the La Crosse business<br />

after Sam's death.<br />

1904<br />

W. W. Cargill suffers a mild stroke and his eldest son, William S. becomes more involved in the La Crosse<br />

business. John H. MacMillan, Sr., now head of the Cargill Elevator Company, purchases the Thorpe<br />

Elevator Company, which includes over 50 elevators mostly located in the Red River Valley.<br />

1905<br />

Elevator T is acquired as result of a dispute with Spencer Grain. This insignificant Minneapolis storage<br />

facility will grow into a major Midwest terminal elevator. W. W. invests in and completes the La Crosse<br />

and Southeastern Railroad from Viroqua to La Crosse, Wisconsin.<br />

1908<br />

William S. Cargill is in Montana organizing a development effort that ultimately will involve ranching,<br />

land development, the development of the Montana Western Railway, a dam, and the creation of the town<br />

of Valier. The project is not profitable and begins to stress the finances of the La Crosse grain business.<br />

1909<br />

W. W. Cargill dies at age 64, precipitating a fiscal crisis for the company. John H. MacMillan, Sr., now<br />

president of the Cargill Elevator Company, works to reassure creditors.<br />

1911<br />

A portion of the assets of Sawyer and Austin Lumber Company is sold to raise funds. The mineral rights to<br />

the Arkansas land are retained, and eventually leased to American Bauxite Company, generating much<br />

needed cash through 1922.<br />

1912<br />

Cargill Securities Company is established to take over the indebtedness of the Cargill estate. To pay off<br />

creditors, $2.55 million in Gold Notes is issued, due in 1917, backed by Cargill Elevator stock. The<br />

Terminal Elevator Company, formed in 1904 is renamed the Minneapolis Seed Company.<br />

© 2011 Cargill, Incorporated. Page 3 of 16


1913<br />

The La Crosse office is closed. Austen Cargill, W.W.’s youngest son joins the company. After marrying<br />

Anne Ray in La Crosse, he heads to Green Bay, largely working for the Seed Department.<br />

1914<br />

Cargill's Green Bay office is moved to Milwaukee, under the direction of Edward J. Grimes, who now<br />

oversees Austen Cargill. The company purchases elevator "M" from the Peavey Company at Superior,<br />

Wisconsin. The Wisconsin line of elevators is later sold except for the Green Bay elevator.<br />

1915<br />

With war in Europe, grain prices fluctuate wildly, and Cargill Elevator posts a good year. This<br />

considerably aids the company's goal to repay its debt. The fourth annual picnic, now a Cargill Elevator<br />

tradition, is held outside Minneapolis.<br />

1917<br />

John H. MacMillan, Jr., and Austen Cargill serve in the armed forces in France. MacMillan was promoted<br />

to major in October. Cargill posts record profits and grain exchanges are criticized for the high price of<br />

wheat arising from wartime demand.<br />

1918<br />

The number of Cargill country elevators drops to 140 (compared to 189 in 1910-11). The greatest number<br />

was in North Dakota; Wisconsin had one leased elevator in Green Bay. Cargill MacMillan attends Yale,<br />

and is quarantined during the influenza pandemic.<br />

1919<br />

Major John MacMillan, Jr., returns to civilian life and begins work for the Cargill Elevator Company, first<br />

on the Minneapolis trading floor and then in Duluth, Minnesota, under Fred Lindahl. The company<br />

produces its first publication, the Cargill Chaff.<br />

1921<br />

The financial crash in late 1920 results in Cargill Elevator's first annual loss in its <strong>history</strong>. Austen Cargill,<br />

John MacMillan, Jr., and Cargill MacMillan spend time in British Columbia attending to the lumber<br />

operations of the company.<br />

1922<br />

Julius Hendel joins the Cargill organization and takes charge of the newly established grain laboratory in<br />

Minneapolis. The grain lab will become one of the most respected private laboratories in the country.<br />

Hendel's laboratory study on flour appears the following year in the Northwestern Miller.<br />

© 2011 Cargill, Incorporated. Page 4 of 16


1923<br />

Cargill purchases Milwaukee-based Taylor & Bournique Company, an eastern grain-merchandising firm<br />

with offices in Wisconsin and New York. The acquisition's private wire system is adopted by Cargill; it is a<br />

communications innovation gives the company a significant competitive advantage.<br />

1926<br />

A fire in British Columbia destroys the logging camp. Austen Cargill returns to Minneapolis and becomes<br />

head of the Cargill Commission Department, focusing his attention on the management of the company's<br />

country elevators.<br />

1927<br />

Cargill leases the 1.5 million bushel Superior elevator in Buffalo, New York and another elevator at Port<br />

McNicoll, Ontario, beginning its reach eastward. John MacMillan, Jr., marries Marion Dickson.<br />

1928<br />

Cargill Grain Company Ltd. is organized in Canada with an office in Montreal. It is the company's first<br />

office location outside of the United States.<br />

1929<br />

Cargill organizes its first export department and starts selling grains "FOB" (free-on-board), in which<br />

financing, carrying and shipping charges are a part of the selling price. A sales office is opened in Genoa,<br />

Italy. John MacMillan, Jr., becomes a vice president.<br />

1930<br />

New offices open in Winnipeg, Canada; Rotterdam, Holland; and Buenos Aires, Argentina. Cargill,<br />

Incorporated is created. Cargill's revolutionary new elevator in Omaha, Nebraska, is built in a record 55<br />

days. The Cargill News begins publication.<br />

1931<br />

Julius Hendel holds the second year of his training class, this time aimed at those trainees holding particular<br />

promise. It becomes an important training ground for new Cargill talent. The Itasca Corporation is created<br />

to purchase the Itasca elevator in Superior, Wisconsin.<br />

1932<br />

In response to economic conditions, Cargill implements an across-the-board pay cut of 20-percent on May<br />

1. Some offices are closed and workers are laid off. John H. MacMillan, Sr., suffers a heart attack and must<br />

restrict his work. His son, John, Jr., becomes general manager of all Cargill operations. Cargill completes a<br />

new 13.5 million bushel elevator in Albany, New York.<br />

© 2011 Cargill, Incorporated. Page 5 of 16


1933<br />

Cargill staves off a credit crunch by forming a syndicate, developed with help from Chase's John G.<br />

Peterson (who later joins Cargill). Austen Cargill forwards a plan to avoid foreclosing on independent<br />

country elevators, which instead become part of Cargill Leased Line Department.<br />

1934<br />

Cargill adopts a retirement program for employees, considered one of the best in the industry. John<br />

MacMillan, Jr., sends James Ringwald sent to head Cargill's new office in Buenos Aires, with instructions<br />

to decline to do any business "by bribery or any other irregular means." Cargill’s petition for membership<br />

in Chicago Board of Trade is denied.<br />

1935<br />

After government officials overturned a Chicago Board of Trade membership rule, Cargill is accepted as a<br />

member. The company solidified its standing in the area by assuming the lease of the large C&NW<br />

elevator in Chicago. Cargo Carriers, formed in 1930, purchases its first ships, the 248-foot Mayan and the<br />

tugboat, Protector.<br />

1936<br />

Various Cargill businesses are merged to become Cargill, Incorporated. John MacMillan, Sr., while<br />

retaining his status as chairman of the board, steps down from presidency, which is assumed by John<br />

MacMillan, Jr. Cargill purchases the Great Eastern Elevator in Buffalo, New York.<br />

1938<br />

A contentious dispute between Cargill and the Chicago Board of Trade over futures contracts comes to a<br />

head. Accusations against the company lead to a bar on futures trading by Cargill Grain Company and three<br />

of its officers.<br />

1939<br />

Promoted by Austen Cargill, the company begins to manufacture Blue Square Feed in Lennox, South<br />

Dakota. This operation was later integrated into Nutrena.<br />

1940<br />

Cargill closes offices in Copenhagen and Rotterdam as Germany invades Europe. Cargill begins work on<br />

the ocean-going Carlantic to take advantage of wartime shipping needs. It employs construction methods<br />

so unorthodox that Cargill must build the ship itself. The Carlantic is sold to Argentina and renamed the<br />

Victoria.<br />

© 2011 Cargill, Incorporated. Page 6 of 16


1942<br />

Cargill contracts with the U.S. Navy to build six ocean-going tankers and establishes Port Cargill on the<br />

Minnesota River as the construction site. John MacMillan, Jr., and Cargill Macmillan acquire the<br />

Minnesota Western Railway for this port.<br />

1943<br />

Cargill enters the soybean processing business with the acquisition of plants at Cedar Rapids and Fort<br />

Dodge, Iowa, and Springfield, Illinois. The company looks to the southeast part of the United States by<br />

purchasing elevators in Tennessee and constructing more barges.<br />

1944<br />

A private residence west of Minneapolis is purchased as Cargill's new executive headquarters and is soon<br />

known as the "Lake Office." John MacMillan, Sr., dies at age 75.<br />

1945<br />

Cargill receives the Army-Navy "E" Award for shipbuilding. The company produces barges for<br />

transporting grain on the Mississippi River. Nutrena Feed Mills, a pioneer in the feed industry, is purchased<br />

by Cargill.<br />

1947<br />

Cargill’s offices in Argentina and Brazil are reopened after World War II, and Cargill begins its hybrid<br />

seed business in Argentina.<br />

1949<br />

Cargill Agricola e Comercial, S.A. opens two elevators in Arapongas and Ourinhos, Brazil. John H.<br />

MacMillan, Jr. appears on the cover of Business Week.<br />

1951<br />

Cargill's Feed Division (Nutrena Mills, Incorporated) merges with the Royal Feed & Milling Co. of<br />

Memphis, Tennessee, manufacturers of Staf-O-Life feeds for livestock and poultry.<br />

1952<br />

Cargill launches the Carpolis, an integrated towboat and barge that includes innovative Cargill-designed<br />

features.<br />

1953<br />

Tradax, Belgique, S.A. is organized in Antwerp, marking the formation of Tradax in Europe and<br />

representing Cargill's international interests.<br />

© 2011 Cargill, Incorporated. Page 7 of 16


1954<br />

Cargill enters the salt business by barging Louisiana rock salt up the Mississippi River for sale in the Upper<br />

Midwest.<br />

1956<br />

Cargill dedicates its new Research Center to Austen Cargill. The building, constructed near the Lake<br />

Office, houses the company's newly organized research and development operation. Tradax Internacional,<br />

S.A. establishes it headquarters in Geneva, Switzerland.<br />

1957<br />

John H. MacMillan Jr. becomes chairman of the board and Cargill MacMillan, president. Cargill installs<br />

its first electronic computer, an IBM 6560, in the Minneapolis office. Nutrena employs the computer to<br />

formulate feed and pricing. Austen Cargill passes away.<br />

1958<br />

Cargill introduces hybrid grain sorghum seed to Argentina. The Cargill Research Farm is established in<br />

Elk River, Minnesota.<br />

1960<br />

John Macmillan, Jr., dies suddenly. Erwin Kelm becomes the first Cargill president who is not part of the<br />

Cargill or MacMillan families. Terry Morrison is named chairman until the following year, when Kelm is<br />

elected to the post.<br />

1961<br />

Cargill purchases the Belle Isle mine to supply its own source of salt.<br />

1963<br />

Pesquera del Fin S. A. and Bolicheros Unidos S. A. are set up to produce fish meal in Peru, marking<br />

Cargill's first presence in that country. Fish meal is a rich source of protein and amino acids for use in<br />

poultry and livestock feed.<br />

1964<br />

Cargill enters the European feed market with the purchase of the Hens Voeders Co.<br />

1965<br />

Cargill celebrates its 100th anniversary. Cargill forms Cargill Agricola S.A. in Brazil.<br />

© 2011 Cargill, Incorporated. Page 8 of 16


1966<br />

Cargill enters the broiler-chicken industry by acquiring the Paramount Poultry brand. A new Cargill logo,<br />

in the shape of a “C” is adopted. It is Cargill’s first effort at a standard corporate branding system. Bob<br />

Diercks authors a series of articles on corporate policies and ethics for employees.<br />

1967<br />

Cargill enters the corn wet milling industry in a mill purchased at Cedar Rapids, Iowa. Gibson City,<br />

Illinois is the site of the first unit train, an efficient method developed by Cargill of hauling grain at a lower<br />

cost.<br />

1968<br />

Cargill Korea Company, Ltd. is formed as a joint venture to produce feed, eggs and poultry.<br />

1969<br />

The Cargill-Taiwan Corporation is formed in a joint venture with the Taiwan Sugar Corp. to produce<br />

livestock and poultry feed.<br />

1971<br />

The acquisition of the Gordy Salt Company, Breaux Bridge, Louisiana, puts Cargill in the evaporated salt<br />

business.<br />

1972<br />

The company enters the modern flour milling business by acquiring Burrus Mills, Saginaw, Texas. W. W.<br />

Cargill was a very small flour producer in the late 1800s.<br />

1973<br />

In the United States, Cargill forms Cargill Leasing Corporation and acquires the Barton Salt Company.<br />

1974<br />

The Poultry Products Division expands by acquiring Ralston Purina's Honeysuckle White, Riverside and<br />

Medallion brands.<br />

The acquisition of North Star Steel Company takes Cargill into the steel-making industry.<br />

Cargill purchases Caprock Industries, a cattle feedlot business.<br />

1975<br />

Cotton merchandising begins with the acquisition of Hohenberg Bros. Company, located in Memphis,<br />

Tennessee.<br />

© 2011 Cargill, Incorporated. Page 9 of 16


1977<br />

Whitney MacMillan, son of Cargill MacMillan, Sr., is elected chairman.<br />

The Cargill Citrus Department imports the first bulk shipment of Brazilian frozen concentrated orange juice<br />

into the United States.<br />

Cargill completes the largest Gulf Coast grain-export elevator at Reserve, Louisiana.<br />

Cargill begins corn wet milling in Europe with the start-up of a plant in Bergen Op Zoom, Holland.<br />

1978<br />

The acquisition of Leslie Salt gives Cargill solar salt facilities in the San Francisco Bay area and Port<br />

Hedland, Australia.<br />

1979<br />

Cargill acquires MBPXL Corporation, Wichita, Kansas, and enters the beef-processing industry.<br />

Cargill enters the malting business with the acquisition of the Laurent malt plant in France.<br />

1980<br />

Cargill enters the coffee-trading business by acquiring Scholtz & Company, New York.<br />

1981<br />

The acquisition of Ralli Bros. and Coney and associated trading companies from Bowater Corp., London,<br />

makes Cargill a leading international cotton, rubber, wool and fiber trader. Company fiber trading and<br />

processing locations now include Kenya, Pakistan, Nigeria, Tanzania, Singapore, Malaysia, Hong Kong,<br />

Peru, France and West Germany.<br />

1982<br />

MBPXL's name is changed to Excel Corporation.<br />

1985<br />

Cargill acquires 80 percent of Gardinier, Incorporated, a Florida-based phosphate-fertilizer mining and<br />

manufacturing company.<br />

1986<br />

Northeast Petroleum, a Chelsea, Massachusetts, petroleum-products merchandising and distributing<br />

company, is acquired.<br />

© 2011 Cargill, Incorporated. Page 10 of 16


1987<br />

General Cocoa Company Holland B.V. and Gerkens Cocoa Products, Inc. join Cargill, making it a leading<br />

international cocoa processor and supplier.<br />

Excel enters the pork-processing industry by acquiring a plant from Oscar Mayer Foods in Beardstown,<br />

Illinois, and leasing the Hormel pork-processing plant in Ottumwa, Iowa.<br />

1988<br />

Shandong-Cargill Ltd., a $10-million joint venture with the People's Republic of China, begins construction<br />

of a cottonseed-crushing facility in Shandong Province.<br />

1990<br />

Cargill Limited announces plans for a joint venture with the Provincial Government of Saskatchewan to<br />

form Saskferco Products, Incorporated, and build a $500-million nitrogen fertilizer plant. Cargill<br />

celebrates its 125 th anniversary.<br />

1994<br />

Cargill acquires InterMountain Canola, a breeder of specialty varieties of canola seed that produce<br />

healthier, high quality stability oils.<br />

Goertzen seed is acquired, adding to Cargill's ability to produce specialty wheat and other food grains.<br />

1995<br />

Cargill purchases 19 Bunge grain elevators located in Kansas, Colorado, South Dakota and Minnesota and<br />

Bunge's export grain elevator at Portland, Oregon. Cargill also swaps its river elevator at Osceola,<br />

Arkansas, for Bunge's river elevator at Price's Landing, Missouri.<br />

Cargill sells its U.S. broiler operations to Tyson Foods and acquires Tyson's pork producing facility in<br />

Marshall, Missouri.<br />

Cargill adopts a set of seven Guiding Principles for employees that reaffirms and updates the original Code<br />

of Business Conduct.<br />

Whitney MacMillan retires after more than 44 years of service at Cargill, including 18 years as chairman<br />

and chief executive officer. The Board of Directors elects Ernest S. Micek as chief executive officer.<br />

1997<br />

Cargill acquires the North American salt production, processing and marketing assets of Akzo Salt, Inc.,<br />

making Cargill one of the largest salt production and marketing companies in the world.<br />

Excel completes the installation of steam pasteurization in its seven beef plants in the United States and<br />

Canada. The process greatly reduces the risk of pathogens like E. Coli O157:H7.<br />

© 2011 Cargill, Incorporated. Page 11 of 16


1998<br />

Warren R. Staley is elected president.<br />

Cargill finishes an innovative ship unloading facility outside Rozy, India.<br />

Cargill's Memphis corn wet milling plant launches the first barge designed specifically to carry high<br />

fructose corn syrup and other liquid sweeteners. The barge, with its six stainless steel tanks, is one of a fleet<br />

of 14 that allows the Memphis plant to ship sweeteners on the Mississippi River at freight rates<br />

considerably lower than those for rail shipment.<br />

Cargill and Continental Grain Company announce Cargill will acquire Continental's worldwide commodity<br />

marketing business. The transaction includes Continental's grain storage, transportation, export and trading<br />

operations in North America, Europe, Latin America and Asia.<br />

1999<br />

The University of Minnesota receives $10 million from Cargill to expand the university’s work in the<br />

emerging field of microbial and plant genomics.<br />

Cargill launches Strategic Intent, which involves positioning the company so that “by the year 2010, Cargill<br />

will be the recognized global leader in providing agrifood chain customers with solutions that enable them<br />

to succeed in their businesses.”<br />

Warren R. Staley is elected chief executive officer.<br />

2000<br />

Cargill Dow Polymers LLC announces plans to build a world-scale facility in Blair, Nebraska, that will use<br />

corn-derived dextrose to make polylactide (PLA) polymers for fibers, plastic packaging and other products.<br />

President Clinton presents the 1999 Malcolm Baldrige National Quality Award to Cargill's Sunny Fresh<br />

Foods.<br />

Gregory Page becomes president. Warren Staley is elected chair of the board of directors.<br />

McDonald’s honors Sun Valley Thailand with its Sweeney Quality Award, first Asian recipient of the<br />

award.<br />

The hybrid seed business in North America is acquired by Mycogen Seeds.<br />

2001<br />

Cargill acquires the turkey business of Rocco Enterprises.<br />

Excel Corporation acquires Emmpak Foods Inc., a Milwaukee-based producer of value-added meat<br />

products.<br />

© 2011 Cargill, Incorporated. Page 12 of 16


Ocean Transportation exits fully from vessel ownership to concentrate on freight chartering and trading.<br />

Toshoku, Japanese agrifood trading company, becomes affiliated with Cargill.<br />

Cargill completes the acquisition of Agribrands International, a leading international producer and marketer<br />

of a broad line of animal feeds and other agricultural and nutrition products.<br />

Recipient of the Award for Excellence in Corporate Community Service from the Points of Light<br />

Foundation.<br />

2002<br />

Cargill adopts a new brand strategy, and retires the Cargill “C.”<br />

Cargill is given permission to complete the purchase of Cerestar, Europe’s premier maker of specialty<br />

starches and sweeteners, representing Cargill’s largest transaction in its 137-year <strong>history</strong>.<br />

Excel completes acquisition of Taylor Packing, a U.S. producer of premium wholesale beef products.<br />

Cargill-Dow’s new world-scale polymer production facility commences operation in Blair, Nebraska.<br />

2003<br />

Cargill’s earnings passes $US 1 billion for the first time in its <strong>history</strong>.<br />

Cargill adds to its chocolate portfolio with the acquisition of Peter’s Chocolate, a brand dating from the<br />

1880s, and OCG Cacao, a European maker of industrial chocolate<br />

Cargill’s global giving exceeds $US 22 million.<br />

2004<br />

Cargill Fertilizer and IMC Global combine to form a publicly traded firm, The Mosaic Company.<br />

Cargill acquires The Duckworth Group, a UK-based flavor house.<br />

Cargill Animal Nutrition has a presence of 163 plants in 22 countries.<br />

Cargill announces an agreement to acquire Seara Alimentos, a major Brazilian poultry and pork producer.<br />

2005<br />

Black River Asset management, a global asset management company, is launched.<br />

Cargill and Temasek Holdings acquire CDC Group plc’s palm plantation interests in Indonesia and Papua<br />

New Guinea.<br />

Cargill opens its first office in Dubai, United Arab Emirates.<br />

© 2011 Cargill, Incorporated. Page 13 of 16


Sunny Fresh Foods wins the prestigious Malcolm Baldrige National Quality Award.<br />

Cargill expands in cocoa with two new cocoa buying stations in Vietnam, and the acquisition of the<br />

industrial chocolate facility, Schierstedter Schokoladefabrik GmbH & Co. KG, in eastern<br />

Germany.<br />

2006<br />

Cargill acquires Degussa’s food ingredients operations, strengthening Cargill’s global portfolio of texturant<br />

ingredients and systems, emulsifiers, flavouring and health promoting ingredients.<br />

Cargill Animal Nutrition acquires a majority interest in its first feed business in India. The joint venture is<br />

with Matrix Bioscience, an Indian company producing veterinary medicines and shrimp feed.<br />

Cargill enters the global glycerin business, a byproduct of biodiesel production, opening a 30-millionpounds-per-year<br />

glycerin refinery in Iowa Falls, Iowa.<br />

Cargill is the first U.S. exporter to deliver beef to Japan after Japan lifts its ban on U.S. beef.<br />

Cargill buys Afgri’s cotton ginning business in southern Africa, doubling its cotton volume in Africa.<br />

Cargill takes ownership of gins in Zambia, South Africa, and Malawi.<br />

2007<br />

Cargill purchases LNB International Feed B.V., a privately held animal nutrition premix business.<br />

Cargill opens a grain and oilseed trading office in Sofia. The office is the company’s first in Bulgaria and<br />

will provide further opportunities for Bulgarian farmers.<br />

The board of directors elects Gregory Page, chairman of the board and chief executive officer, following<br />

Warren Staley’s retirement.<br />

Cargill revises its Strategic Intent so that “by 2015, Cargill will be the partner of choice, recognized as<br />

having great people with imagination committed to delivering the best ideas to the worlds we serve:<br />

ag, food and risk management.”<br />

Toshoku Limited and Cargill Japan Limited merge. Toshoku changes its company name to Cargill Japan<br />

Limited and the new entity becomes a wholly owned Cargill company.<br />

2008<br />

Cargill unveils a comprehensive process strategy for the corporation known as “Tartan.” The mission of<br />

Tartan is to develop the common processes that would enable Cargill to achieve its strategy for 2015.<br />

Cargill introduces TRUVIA brand (pronounced Tru-VEE-a) natural sweetener, a great-tasting, zerocalorie<br />

sweetener made from rebiana, the best-tasting part of the stevia leaf.<br />

© 2011 Cargill, Incorporated. Page 14 of 16


Cargill inaugurates a new cocoa processing facility in Tema, Ghana, representing an investment of around<br />

U.S. $100 million. The plant has the capacity to transform 65,000 tonnes of cocoa beans per annum into<br />

high quality cocoa liquor, butter and powders for customers globally.<br />

Cargill Corn Milling receives the 2008 Malcolm Baldrige National Quality Award.<br />

Cargill China earns the U.S. State Department's Award for Corporate Excellence. The State Department<br />

was particularly impressed by the farmer training program of Cargill Animal Nutrition. More than 2 million<br />

Chinese farmers have gone through the free education program.<br />

2009<br />

Cargill announces that its first palm plantation - PT. Hindoli in Sumatra - has received the Roundtable on<br />

Sustainable Palm Oil (RSPO) Certification.<br />

Cargill announces that it has begun implementing a third-party, 24/7 video auditing program at its U.S. beef<br />

harvesting plants to further enhance the company's animal welfare protection systems.<br />

Cargill Animal Nutrition opens a new aquaculture feed mill in the Mekong Delta province of Dong Thap,<br />

Vietnam.<br />

Cargill becomes the first Western company to wholly own a port in China when Grain & Oilseed Supply<br />

Chain (GOSC), Greater China & Korea complete negotiations to acquire Yangjiang Port in southern China.<br />

McDonald’s recognizes Cargill as the first recipient of the Jim Cantalupo Global Supplier Award of<br />

Excellence.<br />

2010<br />

CTP Holdings, a Cargill majority owned company, sells its interest in oil palm plantations it owned and<br />

operated in Papua New Guinea to New Britain Palm Oil.<br />

Cargill's Cocoa & Chocolate business hands over the first UTZ Certified premiums to two farmer<br />

cooperatives in Côte d'Ivoire, Co-operative Agricole de Fiedifoue and Coopaga, for deliveries of UTZ<br />

Certified sustainable cocoa beans.<br />

Cargill's refined oils business becomes the first company to receive official certification for its sustainable<br />

palm oil supply chain according to the International Sustainability and Carbon Certification (ISCC)<br />

standards.<br />

Cargill acquires Unilever's tomato products business in Brazil.<br />

Smallholders at Cargill's oil palm plantation, PT Hindoli, are awarded their Roundtable on Sustainable<br />

Palm Oil (RSPO) certification during the 8th Annual Roundtable Meeting on Sustainable Palm Oil in<br />

Jakarta on November 8-11, 2010. This is the world's first smallholder scheme to become certified under the<br />

RSPO's Smallholder Principles & Criteria.<br />

© 2011 Cargill, Incorporated. Page 15 of 16


2011<br />

The Mosaic Company and Cargill agree to split-off, and Cargill distributes its 64 percent stake, or 286<br />

million share position, in Mosaic to Cargill's shareholders and debt holders.<br />

Cargill opens one of the food industry’s most advanced technology and innovation centers in Campinas,<br />

state of São Paulo, Brazil.<br />

In fiscal 2011, Cargill makes key acquisitions to support its growth: AWB commodity management<br />

business in Australia; Indonesian starch and sweetener maker in PT Sorini; and Royal Nedalco’s potable<br />

alcohol operations in Europe.<br />

History resources<br />

• Wayne G. Broehl, Jr. Cargill: Trading the World’s Grain<br />

(Hanover, New Hampshire: University Press of New England, 1992).<br />

• Wayne G. Broehl, Jr. Cargill: Going Global<br />

(Hanover, New Hampshire: University Press of New England, 1998).<br />

• Wayne G. Broehl, Jr. Cargill: From Commodities to Customers<br />

(Hanover, New Hampshire: University Press of New England, 2008).<br />

• W. Duncan MacMillan. MacMillan: The American Grain Family<br />

(Afton, Minnesota: Afton Historical Society Press, 1998).<br />

• John L. Work. Cargill Beginnings … an Account of Early Years<br />

(Minneapolis: Cargill, 1965). [out of print]<br />

• The History of Cargill, Incorporated 1865-1945<br />

(Minneapolis: Cargill, 1945) [out of print]<br />

© 2011 Cargill, Incorporated. Page 16 of 16

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