The Redwood Group LLC announced that it completed the acquisition of Ceres Commodities LLC in Newport, Ky.
For more than 20 years, Ceres Commodities has supplied premium food-grade non-genetically modified organism (GMO) and organic soybeans and other commodities domestically as well as directly into East Asian and Southeast Asian food markets. The Ceres Commodities team's intimate knowledge of the food soy export market complements Redwood's ability to continually supply superior-quality product to those markets through its network of non-GMO soybean cleaning facilities, the announcement 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," stated Chris Bradley, previous owner of Ceres Commodities. “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.”
Redwood Group president Mike Kincaid said the Ceres Commodities business is an excellent extension of Redwood Group's Lathrop FSG operations.
“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," he said.
Redwood Group 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, Kan., with additional office locations in Omaha, Neb., and Newport, Ky., and with specialized cleaning facilities located in Chester, Mont.; Venango, Neb.; Lathrop, Mo., and Pleasant Hill, Mo.
Redwood Group was formed in 2010 with a focus on offering a wide variety of high-quality products and superior customer service. Redwood purchases and supplies products throughout the U.S. and Canada as well as imports and exports products to and from customers around the globe.