OVERLAND PARK, Kan., March 26 /PRNewswire/ -- Lansing Trade Group, LLC
has completed its purchase of Terral Farm Service, Inc.'s grain elevator
operations in Delhi and Wisner, Louisiana.
The acquired operations provide a good fit to Lansing's core trading
business, allowing the company to increase its originations and further
leverage its Mexican export business.
The grain facility in Delhi is a 2.1 million bushel Kansas City
Southern (NYSE: KSU) rail loading facility, and Wisner is a 1.6 million
bushel facility. In addition, Lansing assumed a multi-year lease of
additional capacity in place at Columbia, Louisiana, along with an
origination base from a large pool of on-farm storage throughout North
Louisiana and into the Mississippi Delta.
"Terral Farm Service has a great business and a good reputation. The
combined strengths of the Terral team with Lansing's trading expertise will
make this acquisition a winner. The ability to originate early season corn
in the mid-South will create great opportunities for Lansing," said Bill
Krueger, President of Lansing Trade Group.
Brad Terral, manager of Terral Farm Service, said, "We have had a great
relationship with Lansing over the last five years. Throughout this period
of time, we have each seen our businesses grow at a phenomenal pace. Our
compatibility and vision is marked by our shared desire to bring unique
value and service to the customer. I am extremely optimistic and look
forward to being a part of the growth that will be created as a result of
Lansing's ownership of this business."
Another family owned business, Terral River Service, operates a high
speed barge loading station 20 miles away which will give Lansing access to
the Mississippi River.
The Terral family has been in agriculture businesses since 1947, and
currently operates a very successful seed business which controls a high
market share for seed planted in the Delta region. The solid reputation the
family has built in the region will continue as Brad Terral will continue
to manage the facilities, working with the strong existing group of
employees at both sites.
Terral will continue to leverage its strong foothold in agriculture in
the region through Terral Seed, Inc. Terral is expected to increase its
investment in this family seed business, strengthening the growth
opportunities for a business that is seeing a boom in demand for its
products. Terral Seed continues to develop leading edge genetics for its
seed products.
Lansing has been in the business of trading commodities for 76 years.
Rapid growth of its business over the past decade has come from responding
to market place needs. This acquisition will allow Lansing to further
leverage the trading skills which have been with the company since its
beginning. Lansing is actively trading a large number of commodities from
coast to coast, with a growing international presence.
About Lansing Trade Group, LLC
Lansing Trade Group is a privately owned firm formed in 1931. The
current ownership group has grown Lansing into a national trading company,
growing beyond its grain roots with growth into the energy and other
sectors. Lansing Trade Group trades whole grains, feed ingredients, and
energy products, including ethanol and biodiesel, in U.S. domestic and
export markets. Current annual revenues are $2.6 billion. Company
headquarters are in Overland Park, Kansas. Additional information is
available online at http://www.lansingtradegroup.com and
http://www.lansingethanolservices.com.
SOURCE Lansing Trade Group, LLC
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Related links:
http://www.lansingtradegroup.com
http://www.lansingethanolservices.com
CONTACT:
Bill Krueger of Lansing Trade Group, LLC,
+1-913-748-3012
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