Ceres Global Ag Corp. (Ceres) recently announced that its wholly owned subsidiary, Riverland Ag Corp., has acquired 100% of the equity of Nature’s Organic Grist LLC, a supplier of organic and ancient grains (including cereal grains, pulses and seeds), milled flours and feed products.

The acquisition will be funded from existing working capital. The cash cost of the acquisition in fiscal 2018-19 is approximately $2.8 million, with the potential for further payments to Nature’s Organic Grist’s former owner based on the future performance of the business.

Nature’s Organic Grist will continue to operate under its current name as a subsidiary of Ceres.

“The addition of Nature’s Organic Grist broadens Ceres’ portfolio of products and services and reinforces our vision to be the most trusted and valued partner to quality-conscious customers,” Ceres president and chief executive officer Robert Day said. “This acquisition is complementary to our existing business activities and will be immediately accretive to Ceres. Natures Organic Grist brings a skill set needed to be successful in the organic space, while Ceres’ infrastructure, farmer relationships and end user customer base can be utilized to lower logistical costs and increase access on both ends of the organic supply chain.”