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SACQ Westway Group, Inc. Declares $1 Special Dividend
May 29, 2009 2:08:00 PM


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View Additional ProfilesNEW ORLEANS, May 29 /PRNewswire-FirstCall/ -- 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.


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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.



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Thomas A. Masilla
Jr.
Chief Financial Officer of Westway Group
Inc.
[phone]