GFM Network News

Sylvite set to buy Thompsons agronomy business

Ontario grain and bean handler Thompsons Ltd. is set to sell its crop agronomy business to a retail business partner in that province. U.S. grain firm The Andersons, the owner of Thompsons since January, announced Tuesday in its second-quarter report it plans to sell Thompsons’ “agronomy assets” to Burlington, Ont.-based Sylvite Holdings. Financial terms of […] Read more

Grain firms Andersons, Lansing to merge

The two U.S. grain firms that jointly own Ontario grain handler and processor Thompsons Ltd. are taking their relationship to the next level. Ohio-based grain handling and processing firm The Andersons, Inc. announced Monday it has signed a deal with Lansing Trade Group (LTG) for the remaining 67.5 per cent of LTG it doesn’t already […] Read more

U.S. grain handler Andersons to exit retail business

Reuters — Loss-making U.S. grain handler Andersons Inc. said Sunday it plans to exit the retail business, affecting over 1,000 employees, at a time when the U.S. farm sector is facing a downturn due to a sharp decline in grain prices. The company, which buys grain, produces ethanol and leases rail cars, said it will […] Read more

HC2 broadens offer for U.S. grain handler Andersons

Chicago | Reuters — HC2 Holdings Inc. broadened its offer to buy pieces of The Andersons Inc. on Thursday, days after the loss-making U.S. grain handler said an earlier proposal to break up its business units was dead on arrival. HC2, a holding company run by former hedge fund manager Philip Falcone, said it would […] Read more

Richardson targets U.S. acquisitions

Winnipeg | Reuters — Richardson International, one of Canada’s largest grain handlers, is seeking expansion in the U.S. through acquisitions worth $100 million to as much as $2 billion, its CEO said Thursday. Richardson, which now owns two U.S. mills, is interested in Andersons Inc. and private companies Bartlett and Scoular, as well as co-operatives, […] Read more

Andersons shares up after report hints Glencore interest

Reuters — Shares of U.S.-based agribusiness Andersons Inc. jumped more than six per cent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore could be interested in acquiring the company. The story mentioned Glencore’s interest in expanding its agricultural assets and named Ohio-based Andersons as well as privately held companies Scoular […] Read more