The Andersons and Lansing Trade Group to acquire Thompsons Limited
By Top Crop Manager
June 17, 2013, Blenheim, Ont. – The Andersons, Inc. and Lansing Trade Group, LLC, have entered into an agreement to acquire Thompsons Limited, a grain and food-grade bean handler and agronomy input provider, headquartered in Blenheim, Ont., and operating through 12 locations across the province and in Minnesota.
Established in 1924, Thompsons is an integrated supplier of value-added agricultural products and services to growers in Ontario, Minnesota and North Dakota and to food processing customers worldwide. Thompsons owns and operates 12 elevators, 11 retail farm centers, 2 seed processing plants, 5 bean processing plants and a wheat processing plant. Thompsons has a combined owned and leased grain storage capacity of 20 million bushels and 30,000 metric tons of nutrient capacity.
The acquisition, which remains subject to certain customary closing conditions, is expected to close at the beginning of the third quarter. Lansing Trade Group and The Andersons will equally own the business, which will continue to operate as Thompsons Limited. Lansing Trade Group’s current trading office located in Chatham, Ont. will be consolidated into Thompsons.