Word: tsui
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Dates: during 1980-1989
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...United Grain Co., Inc., accelerated its drive into the U.S. market in 1978, buying eight grain elevators in Illinois, Iowa, Missouri and Tennessee for $10.5 million from financially ailing Cook Industries. Mitsui beat out seven competitors by agreeing to the deal in just 48 hours. A year later Mi-tsui's archrival, Mitsubishi's Agrex Inc., boosted its own U.S. grain-trade investment by buying out Koppel Inc., the company's American partner, thereby becoming sole owner of a giant export elevator in Long Beach, Calif., along with elevators in Salina, Kans., and Enola, Neb. Other Japanese...