Market Overview

Savage and Bartlett Complete Merger, Combine Supply Chain Strengths in Agriculture, Energy and Chemical, and Environmental Sectors

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Supply chain provider Savage Companies and grain and milling firm
Bartlett and Company have completed the merger of their businesses to
form a combined entity, Savage Enterprises. Together, Savage and
Bartlett are a leading global provider of supply chain and industrial
services spanning agriculture, energy and chemical, and environmental
sectors, enabling Customers and Partners to feed the world, power our
lives and sustain the planet.

"We're excited to unite two exceptionally strong businesses with over
180 years of combined experience," said Kirk Aubry, Savage Enterprises
President and CEO. "We share a commitment to delivering for our
Customers, Partners and Team Members around the world and we look
forward to what we can achieve together."

"While our longstanding customer relationships, innovation and hard work
have yielded outstanding results for both companies, we're better
together and look forward to growing and succeeding for generations to
come," said Bill Fellows, Bartlett President and CEO. "We'll continue to
serve Customers as both Bartlett and Savage, and Team Members will work
from their current locations. Our focus remains on delivering excellent
service, safely and responsibly."

The merger aligns two of the largest privately-held, family-owned
companies in North American agricultural and energy supply chain
markets, each with decades of experience providing transportation,
logistics and materials management services. The combined businesses
have nearly 4,800 Team Members with about 280 locations across the
United States, Mexico, Canada and Saudi Arabia.

Established in 1946, Savage is based in Salt Lake City, Utah, and has
experience working on six continents. Its expertise includes rail, truck
and marine transportation; logistics; materials handling and other
industrial and environmental services for industries including oil
refinery, power generation, railroad, food and agriculture, oil and gas,
mining, chemicals and petrochemicals, ports and terminals, and
construction.

Founded in 1907, Bartlett, based in Kansas City, Missouri, is a diverse
agribusiness focused on the acquisition, storage, transportation,
processing and merchandising of grain, and is a leading U.S. exporter of
grain to Mexico. Bartlett Chairman James Hebenstreit will join the Board
of Managers of Savage Enterprises and become its Vice Chairman. Fellows
continues to lead Bartlett as President and CEO and will also join the
Board.

For more information, visit www.savageservices.com
and www.bartlettandco.com.

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