176:
152:
125:
277:
392:
Expectations were that LTG's operations would be fully integrated into The
Andersons at the time the deal closes and that integrating LTG's operations into The Andersons will reduce overhead and other costs by up to $ 10 million annually. LTG's headquarters in Overland Park, Kansas was expected to retain its trading operations and risk management function.
350:, Canada with approximately 12 locations across Ontario and Minnesota. Each company owns 50% of the acquired company, which was purchased for $ 152 million in cash, business contributions, and external debt. The transaction closed on July 1, 2013. Thompsons Limited will continue operations under its current name and will continue to operate independently.
368:. This was shortly after Vitol decided to make steps to focus on its core business, which involved shedding it agriculture unit. LTG expanded its international presence with the move, including opening offices in Germany, Vancouver, and Singapore, and hiring Vitol's former Global Head of Agriculture.
383:
each announced separate fines against LTG of over $ 6.5 million combined for knowingly disseminating false information concerning market conditions and subsequently manipulating exchange futures and options contracts. The charges also included the failure of company executives to prevent the actions
391:
announced that it would acquire 100% of LTG by purchasing the remaining 67.5% interest in the company for $ 305 million (a valuation of $ 450 million). That interest was previously owned by New Hope, Macquarie Bank and
Employees. The transaction was expected to close by no later than January 2019.
360:
In March 2016, LTG increased its ownership interest to 38% of
Providence Grain Group, a western Canada grain handler. LTG initially became a minority investor in Providence Grain in 2014. As part of the deal, Providence Grain purchased the assets of LTG's Canadian trading business unit, Lansing
371:
In June 2017, LTG announced that it would acquire U.S. competitor, Interstate
Commodities, Inc. LTG will purchase substantially all of the trading units of Interstate. LTG will not acquire Interstate's railcar business, facilities and certain other business units.
261:. The company had 15 offices in North America and offices in London, Germany, Brazil, China, and Singapore. LTG was originally established as Lansing Grain Company in 1931. The company was largely owned by employees, two public entities,
315:
On
December 8, 2015, Lansing Trade Group, LLC sold equity to New Hope Liuhe Investment (USA), Inc., a U.S. subsidiary of Chinese company, New Hope Liuhe Co. Ltd. New Hope paid $ 127,500,000 in cash for a 20% equity interest in Lansing.
338:
In 2011, LTG announced that it will acquire the remaining interest of
Ackerman Beardsley Bennett, the largest privately owned feed ingredient trader in the northeast US. The acquired company will be renamed Lansing Vermont, Inc.
514:
451:
353:
LTG began investing, operating and marketing in the frac sand space in 2013. The company purchased several sites in Texas and
Minnesota and has since become a significant frac sand distributor in North America.
253:) was one of the largest independently owned physical trading companies in North America, dealing in grain and energy products, at one point approaching $ 10 billion in annual revenue. On January 2, 2019,
357:
In 2014, LTG purchased Feed
Factors Limited, a trading company based in London, that focuses on domestic and international distribution of agricultural commodities for human and animal consumption.
301:
announced that it would reduce its investment in LTG to approximately 39% during the first quarter of 2014. The
Andersons has since further reduced its investment in LTG to approximately 32%.
562:
742:
269:, and by New Hope Liuhe Co. Ltd (20%), one of the largest meat processors in China. LTG was one of America’s Largest Private Companies according to
502:
670:
527:
706:
694:
747:
411:’ 2016 list of America’s Largest Private Companies, with revenue of $ 5.6 billion for its 2015 fiscal year and over 500 full-time employees.
439:
312:), an ethanol trading company created by LTG. Macquarie Bank has since sold its investment in LES and now is a direct investor of LTG.
646:
257:
announced that it had completed its acquisition of LTG. LTG ceased to exist on that date and its operations now operate entirely as
550:
376:
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427:
737:
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490:
478:
384:
taken by the company. The CME reported that this was the largest fine given since the CME's consolidation in 2007.
335:
trading group under the name of
Lansing NGL Services, expanding its energy business beyond ethanol and bio-diesel.
634:
658:
400:
LTG was the 34th largest exporter in the US by container and the 5th largest agricultural exporter according to
577:
Lansing Trade Group has completed the acquisition of Ackerman Beardsley Bennett. Retrieved 12 September, 2011
320:
323:
assigned a B1 rating to LTG and a B3 rating to its proposed $ 175 million senior unsecured notes due 2021.
380:
528:"Lansing Trade Group Announces the Sale of Equity to New Hope Liuhe Investment (USA), Inc. - Lansing"
308:
became an investor in LTG through an investment into Lansing Ethanol Services, LLC (abbreviated as
718:
401:
92:
574:
25:
661:
U.S. Grain Handler Lansing Buys Interstate as Consolidation Continues. Retrieved 22 June 2017
62:
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made additional investments to secure an ownership interest of 49%. During January, 2014,
8:
466:
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201:
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The Andersons to Reduce Investment in Lansing Trade Group. Retrieved 14 February 2014
454:
The Andersons Completes Acquisition of Lansing Trade Group. Retrieved 02 January 2019
347:
280:
An LTG facility in Bliss, Idaho. One of the company's many facilities across the US.
346:
purchased Thompsons Limited, a grain and food-grade bean handler headquartered in
553:
Moody’s assigns B1 CFR to Lansing, rates new notes B3. Retrieved 14 February 2014
305:
266:
709:
LANSING TRADE GROUP CEO: MERGER CREATES AG POWERHOUSE. Retrieved 16 October 2018
685:
CFTC ORDERS COMMODITY TRADING FIRM TO PAY $ 3.4 MILLION. Retrieved 17 July 2018
364:
During 2016, LTG hired the former employees of the agriculture trading unit of
731:
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Feed Factors subsidiary of Lansing Trade Group. Retrieved 12 December 2015
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THE ANDERSONS TO ACQUIRE LANSING TRADE GROUP. Retrieved 15 October 2018
637:
Lansing increases ownership of Providence Grain. Retrieved 22 June 2017
144:
649:
Commodities Market: A headhunter's perspective. Retrieved 22 June 2017
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Lansing Trade Group Silica Plant Purchase. Retrieved 27 February 2017
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America's Top Private Companies 2012. Retrieved 10 January 2014
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The 150 Largest Private Companies in KC. Retrieved 20 July 2018
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Lansing Titan Form Transloading JV. Retrieved 27 February 2017
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Lansing Ethanol Services, LLC. Retrieved 14 February 2014
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NOTICE OF DISCIPLINCARY ACTION. Retrieved 17 July 2018
565:Trading Company to Add Jobs. Retrieved 9 Aug, 2010
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729:
293:became a minority investor in LTG and by 2008
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493:2008.12.31 10-K. Retrieved 14 February 2014
481:2006.12.31 10-K. Retrieved 14 February 2014
743:Agriculture companies of the United States
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589:2013.09.30 10-Q. Retrieved 10 January 2014
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430:2017.12.31 10-K. Retrieved 20 July 2018
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748:Grain companies of the United States
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515:"Lansing & Macquarie Investment"
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81:North America, Asia, South America
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238:Footnotes / references
28:(before ceasing - January 2019)
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381:Chicago Mercantile Exchange
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738:Companies based in Kansas
532:www.lansingtradegroup.com
321:Moody’s Investors Service
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342:In 2013, LTG along with
247:Lansing Trade Group, LLC
208:Lansing Ethanol Services
17:Lansing Trade Group, LLC
635:"PRODUCER - PROVIDENCE"
402:The Journal of Commerce
407:LTG was ranked #68 on
375:During July 2018, the
331:In 2010, LTG formed a
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719:"Journal of Commerce"
387:On October 15, 2018,
319:On January 28, 2014,
279:
63:Overland Park, Kansas
216:Feed Factors Limited
97:Mark O'Donnell (CFO)
707:"KCBusinessJournal"
440:"BIZ JOURNALS - KC"
333:natural gas liquids
206:Lansing Trade Group
192:Number of employees
110:commodities trading
18:
587:"SEC EDGAR - ANDE"
491:"SEC EDGAR - ANDE"
479:"SEC EDGAR - ANDE"
428:"SEC EDGAR - ANDE"
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228:.lansingtradegroup
179:US$ 1.01 billion
16:
467:"Forbes Magazine"
348:Blenheim, Ontario
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214:Lansing Louisiana
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249:(abbreviated as
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503:"PR News Wire"
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623:"FEEDFACTORS"
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452:"PRNewsWire2"
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263:The Andersons
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535:. Retrieved
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396:Publications
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169:Total assets
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58:Headquarters
22:Company type
77:Area served
37:Commodities
732:Categories
647:"LINKEDIN"
537:2016-05-02
415:References
265:(32%) and
145:Net income
87:Key people
659:"REUTERS"
611:"DRYBULK"
551:"Moody’s"
289:In 2003,
285:Investors
202:Divisions
379:and the
102:Products
33:Industry
599:"TITAN"
221:Website
183:FY 2015
159:FY 2017
135:FY 2017
120:Revenue
114:ethanol
48: (
43:Founded
26:Private
683:"CFTC"
409:Forbes
271:Forbes
106:Grains
671:"CME"
575:"ABB"
563:"NGL"
366:Vitol
230:.com
196:+500
129:US$
50:1922
46:1922
310:LES
251:LTG
226:www
93:CEO
734::
530:.
459:^
404:.
273:.
112:,
108:,
66:,
540:.
185:)
181:(
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157:(
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133:(
95:)
52:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
