Cargill Inc. formally announced that it will purchase American Crystal’s 50 percent interest in ProGold LLC.

Golden Growers Cooperative will purchase American Crystal’s remaining 1 percent, resulting in Cargill and GGC each owning a 50 percent interest in ProGold.

According to Mike Wagner, who is the managing director for Cargill’s starches, sweeteners and texturizers business in North America, Cargill is looking “forward to exploring new growth opportunities for the facility, including attracting co-location partners to the site.”