MISSION, KAS. — The Redwood Group, L.L.C. announced on Sept. 4 that it has completed the acquisition of Ceres Commodities, L.L.C. in Newport, Ky. Ceres Commodities is a supplier of premium food-grade non-G.M.O. and organic soybeans and other commodities domestically as well as directly into East and Southeast Asian food markets.
The Redwood Group said the Ceres Commodities team’s knowledge of the food soy export market complements Redwood’s ability to continually supply product to those markets through its network of non-G.M.O. soybean cleaning facilities.
“The Ceres Commodities business is an excellent extension of our Lathrop FSG operations,” said Mike Kinkaid, president of The Redwood Group, L.L.C. “Lathrop FSG offers a closed-loop supply chain solution, selling seed to its non-G.M.O. soybean growers, purchasing commodity back from those growers, and then cleaning and packaging products to customer specifications. The acquisition of Ceres Commodities further allows us to manage the supply chain to ensure our customers receive the best quality product when they need it.”
Redwood Group acquired two facilities from Lathrop Feed & Grain, Inc. in 2017. The facilities are located in Lathrop and Pleasant Hill, Mo.
Chris Bradley, previous owner of Ceres Commodities, said: “We have developed a wonderful relationship with Redwood over the past few years and we look forward to combining our deep customer relationships and logistics expertise with Redwood's existing business. Our customers can continue to expect excellent service as well as the additional value that we can provide to our buyers and suppliers by leveraging Redwood's efficient, customer-focused business model as well as their systems and strong balance sheet.”
The Redwood Group, L.L.C. is an employee-owned supply chain, merchandising and solutions-based company that focuses on food ingredients, feed ingredients, and energy products. It is headquartered in Mission, with additional office locations in Omaha, Neb., and Newport, Ky., and with specialized cleaning facilities located in Chester, Mont.; Venango, Neb.; and Lathrop and Pleasant Hill.
Redwood was formed in 2010 with a focus on offering a wide variety of products. Redwood purchases and supplies products throughout the United States and Canada as well as imports and exports products to and from customers around the globe.