MINNEAPOLIS, MINNESOTA, U.S. — Ceres Global Ag Corp. has completed its acquisition of Delmar Commodities, Ltd. based in Winkler, Manitoba, Canada.

The acquisition includes 100% of Delmar’s issued and outstanding shares for approximately C$15.25 million in cash paid to Delmar’s shareholders and the assumption of approximately C$7.6 million in existing term debt.

“With the completion of this acquisition we have made meaningful progress on our goal to diversify our product lines, add strategic origination capabilities for our core products and expand our geographic footprint in Canada,” said Robert Day, president of chief executive officer of Ceres. “We welcome the talented team at Delmar to Ceres and look forward to working together as we continue to execute on our growth strategy.” 

Headquartered in Minneapolis, Minnesota, U.S., Ceres procures and supplies North American agricultural commodities and value-added products, industrial products, fertilizer, energy products and reliable supply chain logistics services to customers worldwide.

Ceres operates five locations, including three sites in Minnesota: Duluth, Minneapolis, and Shakopee. The other two locations are in Northgate, Saskatchewan, Canada, and Port Colborne, Ontario, Canada. Ceres’ facilities throughout North America have an aggregate grain and oilseed storage capacity of approximately 29.7 million bushels.

Ceres also has a 50% interest in Savage Riverport, LLC, a joint venture with Consolidated Grain and Barge Co., a 25% interest in Stewart Southern Railway Inc., a short-line railway located in southeast Saskatchewan with a range of 130 kilometers, and a 17% interest in Canterra Seed Holdings Ltd, a Canada-based seed development company.

Winkler, Manitoba, Canada-based Delmar Commodities is an agricultural processing and supply chain company with four primary business lines: Grain merchandizing, soybean crush, birdfeed production and sales. The company also is the exclusive distributor in western Canada of Legend Seed products under a license and distribution agreement with Legend Seeds, USA.