Westway Group Inc., a manufacturer of liquid animal feed supplements and bulk storage, has acquired the storage tanks, contractual relationships and property of Southside River-Rail Terminal Inc., a 45-tank liquid storage facility on Southside Avenue in Riverside, for $20 million in cash.
New Orleans-based Westway said the facility, off U.S. 50 between the Ohio River and CSX rail lines, is adjacent to a Westway liquid animal feed supplement facility also on Southside Avenue.
Westway said the acquisition adds more than 35 million gallons of bulk liquid storage capacity bringing its total capacity to more than 350 million gallons.
