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REDWOOD GROUP ACQUIRES MISSOURI-BASED LATHROP FEED & GRAIN
Sep. 7, 2017
Source: The Redwood Group news release
The Redwood Group, LLC announced today that Redwood has completed the acquisition of Lathrop Feed & Grain, Inc.'s facilities in Lathrop, MO and Pleasant Hill, MO. Operations at the two sites have begun conducting business as Lathrop FSG, LLC with Redwood as its majority owner. FSG stands for Food, Seed, and Grain, which are its primary areas of focus. The facilities include over 1,000,000 bushels of grain space with cleaning, sorting, and bagging capabilities for non-GMO and organic grains. Lathrop FSG is able to load and ship containers, railcars, and trucks.
"We are excited to work with The Redwood Group to grow the business with their market contacts and capital to invest in the local facilities. We will continue to provide excellent local customer service while investing to bring more marketing options for the local producers," stated Stacey Evans, who will continue to serve as General Manager of the business.
"I am excited about the opportunities with Lathrop FSG. This investment allows us to grow strategically into specialized grain assets that can benefit from Redwood's experience and customers. The Lathrop team has built a strong reputation for quality customer service and excellent handling operations and we will continue to grow that with investment in the business for the long-term future," said Mike Kincaid, President of The Redwood Group, LLC.
The Redwood Group, LLC is an employee-owned commodity merchandising and supply company headquartered in Mission, KS. Redwood was formed in 2010 with a focus on offering a wide variety of high quality products and superior customer service. Redwood trades whole grains, specialty crops, and energy products throughout the United States and Canada and exports products to customers around the globe.
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