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(ThompsonsLimited.com)
Crops

Sylvite set to buy Thompsons agronomy business

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Ontario grain and bean handler Thompsons Ltd. is set to sell its crop agronomy business to a retail business partner in that province. U.S. grain firm The Andersons, the owner of Thompsons since January, announced Tuesday in its second-quarter report it plans to sell Thompsons’ “agronomy assets” to Burlington, Ont.-based Sylvite Holdings. Financial terms of […] Read more
The Thompsons facility at Hensall, Ont., about 50 km north of London. (ThompsonsLimited.com)
Crops, Markets

Grain firms Andersons, Lansing to merge

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The two U.S. grain firms that jointly own Ontario grain handler and processor Thompsons Ltd. are taking their relationship to the next level. Ohio-based grain handling and processing firm The Andersons, Inc. announced Monday it has signed a deal with Lansing Trade Group (LTG) for the remaining 67.5 per cent of LTG it doesn’t already […] Read more
U.S. grain handler Andersons to exit retail business
Crops

U.S. grain handler Andersons to exit retail business

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Reuters — Loss-making U.S. grain handler Andersons Inc. said Sunday it plans to exit the retail business, affecting over 1,000 employees, at a time when the U.S. farm sector is facing a downturn due to a sharp decline in grain prices. The company, which buys grain, produces ethanol and leases rail cars, said it will […] Read more
The Andersons’ ethanol plant at Denison, Iowa. (AndersonsEthanol.com)
Crops

HC2 broadens offer for U.S. grain handler Andersons

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Chicago | Reuters — HC2 Holdings Inc. broadened its offer to buy pieces of The Andersons Inc. on Thursday, days after the loss-making U.S. grain handler said an earlier proposal to break up its business units was dead on arrival. HC2, a holding company run by former hedge fund manager Philip Falcone, said it would […] Read more
The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)
Crops, Markets

U.S. grain firm Andersons not interested in being bought

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New York | Reuters — U.S. grain handler Andersons Inc. is not interested in being acquired, CEO Mike Anderson said on Thursday after Richardson International expressed interest in a takeover. Richardson, one of Canada’s largest grain handlers, last week said it was interested in Andersons as part of a push to expand in the U.S. “Our strategy […] Read more
Richardson CEO Curt Vossen said the company is in the market for acquisitions in the U.S. grain sector. (Dave Bedard photo)
Crops, Markets

Richardson targets U.S. acquisitions

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Winnipeg | Reuters — Richardson International, one of Canada’s largest grain handlers, is seeking expansion in the U.S. through acquisitions worth $100 million to as much as $2 billion, its CEO said Thursday. Richardson, which now owns two U.S. mills, is interested in Andersons Inc. and private companies Bartlett and Scoular, as well as co-operatives, […] Read more
G3 CEO Karl Gerrand, shown here Wednesday in Winnipeg, says the new company is interested in further ag-related investments across the country. (Dave Bedard photo)
Crops, Markets

G3 sees opportunities to expand in Canadian ag sector

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Reuters — A joint venture of a state-owned Saudi Arabian investment firm and U.S. grain trader Bunge is interested in making further investments in Canada’s farm sector after striking a deal to take control of grain handler CWB, the new j.v.’s CEO said Wednesday. G3 Global Grain Group, a joint venture of Bunge and Saudi […] Read more
The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)
Crops, Markets

Andersons shares up after report hints Glencore interest

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Reuters — Shares of U.S.-based agribusiness Andersons Inc. jumped more than six per cent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore could be interested in acquiring the company. The story mentioned Glencore’s interest in expanding its agricultural assets and named Ohio-based Andersons as well as privately held companies Scoular […] Read more

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