Skip to main contentSkip to main content
You are the owner of this article.
You have permission to edit this article.
Edit

Springville animal feed company acquired by national competitor

  • Updated
  • 0
Support this work for $1 a month

A century-old Springville animal feed dealer that has been family owned since its founding in 1911 has been acquired by a subsidiary of a large California rival.

Gold Star Feed & Grain, a New York State-focused division of Tulare, Calif.-based J.D. Heiskell & Co., purchased the business and assets of Gramco Inc., a retail and wholesale distributor in southern Erie County that focuses on custom dairy feed.

The companies did not announce the deal, and Gramco's president and CEO, Robert Mattison, declined to reveal the full purchase price. However, Gold Star paid $4.5 million for Gramco's Springville facilities at 299 Waverly St., according to the deed filed in the Erie County Clerk's Office. Mattison said Gramco's remaining corporate entity will be wound down over the next year or so.

Mattison, who has worked for the company for 49 years, said he will stay on for a short while to help with the transition, but is otherwise ready to retire.

"I was just tired. It was time," he said. "I'm very happy with it, and very comfortable with it."

Mattison said he's been "shopping the company for a couple of years," but "just had to match the people up with the same goal."

He said some of the big companies he considered had "wanted to do a clean sweep, throw everybody out, and start over again," but he wasn't interested in that, preferring a "family atmosphere." He focused on Gold Star about a year ago, and negotiated the deal, which closed on Aug. 1.

"It’s a great acquisition for them and a great sale for me," Mattison said. "I’d like to see them go to the next level. There’s a lot of possibilities."

Gramco uses corn, soy, wheat and bean products from Western New York and Southern Ontario to make feed for farm animals.

Gramco built a feed mill in July 2001, and had 17 trucks in its fleet, delivering to customers within 150 miles of Springville. At one time, Gramco had six other feed mills, and it had 37 employees at its peak.

"We did a great job with what we did, but they've got bigger resources," he said, citing the larger company's ability to hedge commodity prices. "I never had the resources available to do that."

Heiskell, founded in 1886, is a privately held grain, commodity trading and livestock feed producer, which trades grains throughout the United States and into Mexico, China and other East Asian countries. It's the country's No. 4 feed manufacturing company by volume, after expanding sharply since 2000.

0 Comments

Buffalo Next

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Do you really know where your food comes from? Don and Dave Telaak say this information is a necessity. They invite the public to come see firsthand Saturday in a free, one-hour tour of the family’s 1,200-acre dairy farm in Mansfield. After leading many tour groups for schoolchildren in recent years, Don Telaak said he realized that the teachers

Virginia C. “Sibby” Mattison of Silver Creek, former president of Gramco, died Saturday (Sept. 23, 2000) at home after a long illness. She was 77. Born Virginia C. Campbell in Canonsburg, Pa., she graduated from Canonsburg High School. She later received an associate’s degree in dental hygiene from the University of Michigan. She worked as a dental hygienist for

Ten development projects representing more than $22 million in new investment are on the drawing board in Springville, a small village in southern Erie County. The projects include two new motels, a multimillion-dollar shopping plaza, apartment complexes and a new grain mill. “A lot of people are probably saying ‘Why all this in Springville?’ ” said Village Administrator Timothy

Firefighters returned to the ruined Gramco feed mill Monday night to aim hoses at flames and embers that rekindled throughout the day in the piles of grain left smoldering after Sunday’s fire of undetermined origin. A steady evening rain was not enough to extinguish the hot spots that kept firefighters at the scene until Monday morning and sent clouds

Firefighters continued dousing smoking piles of grain today after a fire destroyed the 51-year-old Gramco feed mill on Empire Street. The blaze broke out at about 8 a.m. Sunday, and volunteers from 10 area fire companies brought it under control in the early afternoon. Flames sparked an adjacent warehouse and administrative offices as well as nearby homes and two

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News