In Missouri, World Grain reported that Bartlett plans to acquire agribusiness Ceres Global Ag Corp. in a deal valued at approximately $140.1 million.
Under the terms of the agreement, a newly formed entity controlled by Bartlett Grain is slated to buy all of the issued and outstanding common shares of Ceres Global for $4.50 per share in cash, according to the report.
Kansas City-based Bartlett said shareholders representing 70% of Ceres Global’s outstanding shares, including VN Capital Management LLC, have entered into irrevocable “hard” voting and support agreements in favor of the acquisition. The transaction is expected to close in late second or early third quarter of calendar 2025, pending shareholder and regulatory approvals and customary closing conditions. Ceres Global will become a private company once the deal is finalized, the report added.
US-based Ceres Global is an international agricultural, energy and industrial products merchandising and supply chain company that operates 10 locations in Saskatchewan, Manitoba, and Minnesota. The facilities have an aggregate grain and oilseed storage capacity of about 29 million bushels. Ceres also owns membership interests in three agricultural joint ventures in Minnesota and North Dakota that have a combined grain and oilseed storage capacity of approximately 16 million bushels.
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Category: Food & Agriculture
