Rick Bowen

FOR IMMEDIATE RELEASE

17 JANUARY 2017

HEISKELL PROMOTES RICK BOWEN TO EXECUTIVE VICE PRESIDENT and CHIEF OPERATING OFFICER

 

[Elkhorn, NE] J.D. Heiskell Holdings LLC has named Rick Bowen its Chief Operating Officer and promoted him to Executive Vice President. In his new position, Bowen will have oversight of the Elkhorn Trading Group and General Managers of four of Heiskell’s regional operating groups in California, the Pacific Northwest, the Southwestern US, and the Colorado Front Range. He will report directly to JDHHLLC President and CEO Ryan G. Pellett.  

 

"Rick has already put in a full career in the animal feed industry and I’m grateful that he has chosen to extend it in this role," noted Heiskell President and CEO Ryan Pellett. "His decades of experience and the respect and trust he has built inside our business make him ideally suited for this position and truly strengthens our ability to build our business and our people in tandem."

 

"Rick Bowen is a devoted student of leadership dynamics, a relationship driven individual, and a terrific developer of talent," said Scot Hillman, Chairman of the JDHHLLC Board of Directors. "We have already seen how those three attributes in combination allow him to be an outstanding mentor for our regional managers, and are confident that Rick offers them the greatest possible career growth opportunities and wisdom to help guide their businesses." 

 

Bowen has served as the General Manager for the California Business Group for the past three years, a responsibility he recently relinquished to Shay Rambur. He will split time between the regional offices over which he has authority, and Heiskell’s office in Elkhorn, Nebraska. 

 

 

About J.D. Heiskell Holdings LLC [dba J.D. Heiskell & Co.]

J.D. Heiskell Holdings LLC [dba J.D. Heiskell & Co.] (www.heiskell.com) is a privately-held, professionally-managed commodity trading and livestock feed manufacturing enterprise conducting business across the breadth of the continental United States, Mexico, and the Pacific Rim. Founded in 1886 and continuously owned since then by the Heiskell and Hillman families, the company was identified as number 112 of the top 250 privately-held companies in the United States by Forbes magazine (December 2016 issue).

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attachments: Rick Bowen photo, Rick Bowen biographical information                  

 

MEDIA CONTACT for J.D. Heiskell Holdings, LLC: 

Scot Hillman

shillman@heiskell.com    

J.D. Heiskell & Co. Names Corporate Vice Presidents

                    

Shayleen Rambur and Jefferson Hillman were named corporate Vice Presidents for J.D. Heiskell Holdings, LLC  [dba J.D. Heiskell & Co.] during the firm’s annual Meeting of Managers on June 3. Shay Rambur has been employed by the company since November 2004 and was originally based in Twin Falls, ID, where she was Controller for the accounting group that serves the firm’s Northwest businesses. She later accepted responsibility for guiding the company’s Southwest business group through an accounting transition and briefly held the dual titles of NW and SW Controller. Rambur relocated to Tulare, CA in February of 2013 to take the position of Controller for the California business group. She was recently named the California Feed Business Manager, and is expected to assume the role of General Manager for California Business in November of 2016. Shay Rambur is the first female corporate Vice President for the enterprise since Elizabeth “Bess” Heiskell held a similar title in the 1940s.

 

Jefferson Hillman joined the company in January 2013 after a four-year stint as an investment analyst for the NYC-based private equity firm AMERRA Capital Management  LLC. Named for the company’s founder, Jeff Hillman represents the 5th generation of family leadership in the business, and currently serves as its Corporate Treasurer, with oversight of the company’s Human Resources, Safety, and several in-house accounting functions. A 2008 graduate of Stanford University, Hillman offices in Elkhorn, NE, and is on a path to become the company’s CFO in December of 2017.

What would J.D. do?: J.D. Heiskell & Co. looks back on 130 years

Visalia Times-Delta
Editor: Calley Cederlof

 

The name JD Heiskell has had a long-standing history within the city of Tulare. Hundreds of company artifacts showcased in the JD Heiskell & Company museum at the Tulare office are a testament to that.

Cases are filled with memorabilia – complete with a Remington typewriter, pens from the 20s, and family photos. The museum tells the company’s 130-year history.

Pat Hillman, granddaughter of founder Jefferson Davis Heiskell, said her grandfather’s manner and business sense laid the groundwork for what the company’s connection to the community is today.

“They know us and we know them,” Hillman said about Tulare residents. “It started with my grandfather. He lent money to farmers; he was always very generous. Everyone here picked that up.”

The family-owned and -operated feed company began in 1886 when JD Heiskell moved to Tulare to construct a grain storage warehouse. Soon, the company started to grow.

Today, the company employs more than 450 people nationwide, with about 150 of those living in the Central Valley. The company has locations in 15 states across the U.S., and exports goods internationally.

The company specializes in the originating, manufacturing, merchandising, and exporting of feed.

“It’s really the four-legged milking stool of the business,” said Scot Hillman, chairman of the company's Board of Directors and great-grandson of Heiskell.

"Mechanically speaking, not much has changed in the production phase", he said.

“We still use steam to soften the grain,” Scot said. “We’ve been doing it since the 1920’s and we’ll be doing it in the 2020’s.”

Another time-honored tradition that has remained strong is the company’s work within the community.

“We try to involve our employees in community philanthropy,” Scot said. “We try to be good stewards of community where our businesses are.”

As they look to what the future holds for the company, Pat and Scot say they must remember one thing.

“What would JD do?”

“We still have the same business practices as our founder,” Scot said. “We hope to continue to be a place where employee opportunity can be realized - in an honorable way - that’s sustainable.”

Pat said her great-grandfather would be proud of how far his grain storage warehouse has come.

“He would be thrilled to death,” Pat said. “A fifth-generation family company is rare. He would be very proud of the fact that it’s gone on this long.”

Norbest

(OMAHA, Nebraska and NEW YORK) J.D. Heiskell Holdings LLC ("Heiskell") and AMERRA Capital Management, LLC ("AMERRA") announced that each firm has acquired a minority interest in the newly formed Norbest, LLC ("Norbest"), a privately held turkey grower and processor, headquartered in Moroni, UT. Under this transaction, the owners of the predecessor firm Norbest Inc also acquired a minority interest in Norbest.

Through its predecessor cooperatives, Norbest turkeys have been sold since 1926. The branded product line includes whole turkeys, specialty roasts, deli meats, fresh and frozen ground turkey, and ready to cook sausage patties and links. Norbest products are currently sold throughout the USA and in over two dozen countries.

Matthew Cook, Chief Executive Officer of Norbest, commented, "We are excited to partner with both Heiskell and AMERRA given their deep knowledge of the agricultural markets and food supply chain. As Norbest pursues a new phase of growth and expansion to meet our customers' demand for top quality, healthy turkey products, we are excited to have partners who are committed to Norbest's future success."

Ryan Pellett, President and Chief Executive Officer of Heiskell said, "Our strategic investment in this venture was driven by the stability and the integrity of the Norbest brand, as well as our trust in the leadership and the grower base that create the true value of that brand. We look forward to being part of the future success and growth that this group has targeted, and I am confident it will achieve."

Robert Hodgen, Portfolio Manager for AMERRA, added, "We believe that the combination of motivated grower-owners and a dedicated management team will enable Norbest to achieve our growth targets. We are pleased to partner with Heiskell and thank the entire Norbest team for their confidence in us."

Specific terms of the transaction were not disclosed. Norbest Inc. was advised by Levy Capital Partners in connection with this transaction.

About AMERRA Capital Management, LLC

AMERRA Capital Management, LLC is a New York based agribusiness asset manager with over $1 billion in AUM. AMERRA deploys capital supporting growth-oriented agribusinesses around the world which are often family controlled. AMERRA seeks to add value as a supportive and active partner with a full spectrum of customized equity and debt capital products. Since its inception in 2009, AMERRA has completed over 200 investments with an aggregate value of over $2.5 billion.

About J.D. Heiskell Holdings LLC [dba J.D. Heiskell & Co.]

J.D. Heiskell Holdings LLC [dba J.D. Heiskell & Co.] (www.heiskell.com) is a privately-held, professionally-managed commodity trading and livestock feed manufacturing enterprise conducting business across the breadth of the continental United States, Mexico, and the Pacific Rim. Founded in 1886 and continuously owned since then by the Heiskell and Hillman families, the company was identified as number 75 of the top 250 privately-held companies in the United States by Forbes magazine (December 2014 issue).

Stoneham, Colorado

(Stoneham, Colorado) J.D. Heiskell & Co. announced today the acquisition of Stoneham Elevator in Stoneham, CO. The company has, for several years previously, been leasing the elevator space in Stoneham and operating it on a seasonal basis. The property includes 900,000 bushels of upright grain storage with an office, truck scale and grain probe .

"This acquisition of Stoneham reflects our continued commitment to a long term presence in Colorado," said J.D. Heiskell & Co. Senior Vice President Aaron Reid. "The Stoneham property represents another step toward our intended goal of providing the full range of products and services to the Front Range market at which this business excels."

J.D. Heiskell & Co. (www.heiskell.com) is a privately-held, professionally-managed commodity trading and livestock feed manufacturing enterprise conducting business across the breadth of the continental United States, Mexico, and the Pacific Rim. Founded in 1886 and continuously owned since then by the Heiskell and Hillman families, the company was identified as number 75 of the top 250 privately-held companies in the United States by Forbes magazine (December 2013 issue).

Bruce Scherr

J.D. Heiskell Holdings LLC announced today the seating of Dr. Bruce Scherr on its Board of Directors. Scherr is the Chairman of the Board and CEO Emeritus of Informa Economics, Inc. based in Memphis, TN.

"I'm not sure I can properly describe the honor and privilege that our company has today in welcoming Bruce onto our Board of Directors" said Heiskell Board Chairman Scot Hillman. "His extensive experience, undeniable success as an entrepreneur and vast network in our industry makes him uniquely gifted to provide guidance to our corporate endeavors. His leadership and oversight will be of immense value to us as we move forward."

Dr. Scherr has been with Informa Economics, Inc. (formerly Sparks Companies, Inc.) from 1987 to July 2014 in several executive capacities including President and CEO. Dr. Scherr received his bachelor's degree from Rutgers University and his M.S. and Ph.D. from Purdue University, all in agricultural economics. Currently, he is a member of the Board of E. Ritter & Company, Santa Energy Company, and Chairman of the Board of Legumex Walker, Inc. From 2002 until 2015 he served on the board of the North American Electric Corporation (term limited) and during that tenure he was Vice Chairman, Chairman of the Finance and Audit Committee and Chairman of the Compliance Committee. In addition, he served as a member of the Global Strategy Institute Advisory Council of the Center for Strategic and International Studies, as a member of the Board of Directors for Desert STAR Inc., an electrical transmission Independent System Operator for the Desert Southwest from January 2000 through February 2002, and as a member of The University of Tennessee's (UT) Institute of Agriculture Agricultural Development Board and it's Committee for the Future. He was named a 2007 Distinguished Agriculture Alumni from Purdue University and he is a member of several honorary research and agricultural societies, a member of the National FFA Foundation Sponsor's Board 2000 through 2001 and a former advisor to the President's Council of Economic Advisers and National Aeronautics and Space Administration.

J.D. Heiskell Holdings LLC, dba J.D. Heiskell & Co. (www.heiskell.com) is a privately-held, professionally-managed commodity trading and livestock feed manufacturing enterprise conducting business across the breadth of the continental United States, Mexico, and the Pacific Rim. Founded in 1886 and continuously owned since then by the Heiskell and Hillman families, the company was recently identified as number 75 of the top 250 privately-held companies in the United States by Forbes magazine (December 2014 issue).

Gold Star Feed & Grain

J.D. Heiskell & Co. invests in Northeast U.S. Market
Heiskell acquires Kent Nutrition's portion of Gold Star Feed and Grain, LLC

Tulare, CA - J.D. Heiskell & Company (JDHCo) and Kent Nutrition Group (KNG) finalized an agreement for JDHCo to purchase KNG's ownership in their joint venture, Gold Star Feed and Grain, LLC. JDHCo will become sole owner and operator of Gold Star Feed and Grain, LLC effective March 17, 2014. Gold Star Feed and Grain, LLC currently operates prior KNG mills located in Adams Center, NY; Augusta, ME; and Sangerfield, NY. This change should not impact customers of Gold Star Feed and Grain. 

"Gold Star Feed and Grain, LLC employees are excited about J. D. Heiskell & Co. further committing to the dairy industry in the Northeast by completing the purchase of our company," said Andy Dugan, General Manager for Gold Star. "We will continue to adapt the way we do business around our customer's evolving needs here in the Northeast; we know that this focus is key as we strive for continued success here." 

"KNG and JDHCo have worked well together since we formed the joint venture in the fall of 2012. Together we have worked diligently to serve Northeast dairy farmers and expand our offerings," said Ryan Pellett, CEO for J. D. Heiskell & Co. "Moving to full ownership in Gold Star Grain and Feed should be seamless to customers. KNG and JDHCo remain valued business colleagues in the market". 

KNG will continue to own and operate mills at Arcade, NY, Richford, VT, Bow, NH, and Hagerstown, MD, and will continue to serve dairy customers and Blue Seal dealers out of these mills. KNG will also continue to own and operate retail stores under the Blue Seal brand, throughout the Northeast. 

"Our strategy has been and will continue to be on serving our customers and their ever changing needs in the northeastern United States and the greater Midwest regions", said John Thorpe, President, Kent Nutrition Group. "This change does not alter our dedication to the region or to our valued customers, it reinforces our commitment to remain focused on what we do best, serving customers. " 

J.D. Heiskell & Co. (www.heiskell.com) is a privately-held, professionally managed grain, commodity trading, and livestock feed manufacturing enterprise with across the United States. Founded in 1886, the company trades grains and commodities throughout the US and into Mexico, China and the Pacific Rim countries. 

Kent Nutrition Group, Inc. has been serving customers since 1927. Kent's Feed Division operates throughout the Midwest, Mid-Atlantic, New York, and northeastern United States under the Kent and Blue Seal master brands. Kent's Pet Division supports the World's Best Cat Litter, Native Performance Dog Food, and By Nature Pet Food brands.