Westway Group, Inc. Declares $1 Special Dividend
NEW ORLEANS, May 30 /PRNewswire-AsiaNet/ --
The Board of Directors of Westway Group, Inc. (OTC Bulletin Board: SACQ) today declared a special
dividend of $1.00 per share to Class A Common shareholders of record on June 8, 2009, payable on June 18,
2009.
Westway Group, Inc. formerly known as Shermen WSC Acquisition Corporation is a leading provider of bulk
liquid storage and related value-added services and a leading manufacturer and distributor of liquid animal
feed supplements. Westway operates an extensive global network of 54 operating facilities providing 284
million gallons of total bulk liquid storage capacity and producing 1.7 million tons of liquid feed supplements
annually. The bulk liquid storage business is a global business with infrastructure that includes a network of 24
terminals offering storage to manufacturers and consumers of agricultural and industrial liquids, located at key
port and terminal locations throughout North America, Western Europe and Asia. The liquid feed supplements
business produces liquid animal feed supplements that are sold directly to end users and feed manufacturers,
primarily supplying the beef and dairy livestock industries. By using formulation processes tailored specifically
to the needs of its customers, Westway blends molasses and essential nutrients to form feed rations that help
to maximize the genetic potential of livestock. As a result of the relationship between them, the bulk liquid
storage and liquid feed supplements businesses benefit from synergies including co-location of facilities,
enhanced raw material supply logistics for liquid feed supplements and increased operational efficiency
resulting from cross-business knowledge exchange.
SOURCE: Westway Group, Inc.
CONTACT: Thomas A. Masilla, Jr.,
Chief Financial Officer of Westway Group, Inc.,
+1-504-636-4245
(SACQ SACQ.OB)
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