Ceres Global Ag plans to close its acquisition of Delmar Commodities, located at Winkler, Man., next month.
Ceres currently operates in five locations including Duluth, Minneapolis, and Shakopee, MN, Northgate, Sask., and Port Colborne, Ont.
Ceres president and CEO Robert Day says they believe the addition of Delmar’s grain assets is an important first step in adding strategic origination for their products.
“(It will) also significantly advance our portfolio diversification strategy with the inclusion of their soybean crush, agricultural seed sales & distribution and birdfeed product lines,” Day adds. “We see significant value in Delmar’s capabilities, market knowledge and customer relationships, but perhaps the most attractive aspect of Delmar is its people and their talent. This potential combination is an important step for Ceres as we execute our growth strategy, and we look forward to untapping the potential our teams can have working together.”
Meanwhile, Delmar Commodities president Dale Heide says he excited about the being part of the Ceres’ team.
“Delmar’s growth ambitions and plans, combined with Ceres’ customer network and access to capital, would provide us with a unique opportunity to profitably grow together,” Heide says.