USA – The Redwood Group has completed the acquisition of Ceres Commodities a supplier of organic and conventional grains into East and Southeast Asian food markets.
The Redwood Group is an employee-owned supply chain, merchandising and solutions-based company that focuses on food ingredients, feed ingredients, and energy products.
With the acquisition of Ceres Commodities, the Kansas headquartered-company said that it is better positioned to strengthen its operations and expand into the East and Southeast Asian food markets.
Ceres Commodities’s knowledge of the food soy export market is seen as a complement to Redwood’s non-GMO soybean cleaning facilities.
“The Ceres Commodities business is an excellent extension of our Lathrop FSG operations,” said Mike Kinkaid, president of The Redwood Group, LLC.
“Lathrop FSG offers a closed loop supply chain solution, selling seed to its non-GMO 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 in 2017. Both facilities are located in Lathrop and Pleasant Hill, Missouri, U.S.
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.”
Established in 2010, Redwood focuses on offering a wide variety of products. It purchases and supplies products throughout the United States and Canada as well as around the globe.
The company has additional office locations in Omaha, Nebraska, and Newport, Kentucky, and with specialized cleaning facilities located in Chester, Montana; Venango, Nebraska; Lathrop, Missouri; and Pleasant Hill, Missouri.