OVERLAND PARK, KANSAS, U.S. — Lansing Trade Group and Providence Grain Group, Inc. recently announced, the consolidation of their western Canadian grain operations and an additional investment by Lansing in Providence Grain Group, Inc. The combined businesses will operate under the current Providence Grain Solutions brand.
Lansing will increase its ownership in Providence from 25% to approximately 38%. Lansing first bought an equity position in Providence about two years ago.
As part of the deal, Providence will merge Lansing’s Prairie offices into its own handling and merchandising operations. This will include employees, a trading system, a customer list and leases on track loading facilities.
Providence will continue to be led by Milton Miller, president and chief executive officer, and its headquarters will remain in Fort Saskatchewan, Alberta, Canada. The board of directors will be comprised of a majority of producer shareholders along with experienced individuals in the agriculture industry.
Combining these two businesses is a chance to align the strong asset base and merchandising of Providence with the Lansing team and build a larger network across the prairies, Providence Grain Group said.
Lansing Trade Group is a commodity merchandising company largely focused on the movement of physical commodities including grains, feed ingredients and energy products within North America and internationally. Headquartered in Overland Park, Kansas, U.S., the company has 13 offices across North American, as well as offices in the U.K., Brazil and China
Providence Grain Group, Inc., operating as Providence Grain Solutions, is primarily farmer owned and operates elevators and or crop input locations in Fort Saskatchewan, Waskatenau, Alberta; Viking, Alberta; Crossfield, Alberta; Marengo, Saskatchewan; and Columbia Containers Ltd. in the Port of Vancouver. Providence also has trading offices in Winnipeg, Manitoba and Blenheim, Ontario.