Terral sells 2 Louisiana grain elevators to Lansing Trade Group
Lansing Trade Group, LLC has completed its purchase of Terral Farm Service, Inc.'s grain elevator operations in Delhi and Wisner, Louisiana.
Terral Farm Service has sold its grain elevator operations in Delhi and Wisner, Louisiana, to Lansing Trade Group, LLC, of Overland Park, Kansas.
The announcement was made today in a press release.
According to the release, the acquired operations provide a "good fit" to Lansing's core trading business, allowing the company to increase its originations and further leverage its Mexican export business.
The grain facility in Delhi is a 2.1 million bushel Kansas City Southern (NYSE: KSU) rail loading facility, and Wisner is a 1.6 million bushel facility. In addition, Lansing assumed a multi-year lease of additional capacity in place at Columbia, Louisiana, along with an origination base from a large pool of on-farm storage throughout North Louisiana and into the Mississippi Delta.
Click here to read the full release.
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