LONDON, ENGLAND — StoneX Financial Europe GmbH, a wholly owned subsidiary of financial and commodities services firm StoneX Group Inc., has reached an agreement to acquire Plantureux et Associés (Plantureux), a Paris-based brokerage firm specializing in agricultural commodities across both the physical and derivatives markets.

Financial terms of the transaction were not disclosed.

StoneX said the acquisition will give it a strategic foothold in the French agricultural commodities market, which is considered Europe’s leading grain producing region.

“As Europe’s largest grain producer, France represents a critical link in the global agricultural value chain,” said Ramon Martul, chief executive officer at StoneX Europe. “This acquisition will enhance our ability to deliver localized expertise and high-touch service to our clients.”

Brett Phillpott, head of exchange traded futures and options at StoneX, added, “This acquisition marks a key step in our European growth strategy and will give us a strong local presence in France — an essential market for grains and commodities — and strengthen our ability to serve clients across the region.”

Xavier Durand-Viel, president of Plantureux, said the company looks forward to accelerating its growth as part of a global platform.

“This transaction enhances our ability to serve clients while preserving the local relationships and expertise that define our business,” Durand-Viel said.

The announcement comes a month after StoneX Group said had reached a deal to acquire R.J. O’Brien & Associates (RJO), the oldest futures brokerage and clearing house in the United States, for $900 million. Under that agreement, New York-based StoneX is slated to pay RJO $625 million in cash and about 3.5 million shares of common stock.