Staplcotn announces acquisition of 50% interest in TJ Beall Company
GREENWOOD, MS, April 10, 2018-
Staple Cotton Cooperative Association (Staplcotn) announced today that it has purchased a 50% stake in Gary Beall Enterprises, LLC (d.b.a. TJ Beall Company). The transaction was completed effective March 31, 2018. Wildwood Gin, LLC, a Money, Mississippi-based company, owns the other 50% stake in Gary Beall Enterprises, LLC.
“Staplcotn is excited to partner with Wildwood Gin and Tommy and Lawson Gary. This partnership will be beneficial to TJ Beall and support Staplcotn’s core mission of enhancing our members’ incomes,” said Meredith Allen, Staplcotn’s president and CEO. “The Garys have a tremendous amount of expertise and ingenuity in the processing of cotton into quality products for the nonwoven, paper, and traditional textile industries. With global demand for cotton increasing across all cotton industrial uses, TJ Beall’s proximity to our grower-members’ production footprint, and Staplcotn’s position as a leading cotton supplier, tremendous synergies exist. The timing for this partnership is perfect,” Allen remarked further. Staplcotn’s Executive Vice President, Hank Reichle, added, “Staplcotn appreciates the work of Julian Beall, former Gary Beall Enterprises, LLC partner and CEO of TJ Beall Company. Without the Beall family’s efforts over the past three generations, this opportunity wouldn’t exist. The TJ Beall name is synonymous with service and integrity. Those values instilled by Julian, his family, and the entire TJ Beall staff align seamlessly with the corporate culture at Staplcotn.”
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