With the completion of the acquisition, the companies have begun operating the grain facilities as Lathrop FSG, LLP, with Redwood as the majority owner. According to the companies, FSG stands for Food, Seed, and Grain.
The Missouri facilities include more than 1 million bushels of grain space with cleaning, sorting and bagging capabilities for non-bioengineered and organic grains, Redwood said.
“We are excited to work with The Redwood Group to grow the business with their market contacts and capital to invest in the local facilities,” said Stacey Evans, general manager of Lathrop FSG. “We will continue to provide excellent local customer service while investing to bring more marketing options for the local producers.”
Mike Kincaid, president of Redwood, expressed his excitement with the partnership.
“This investment allows us to grow strategically into specialized grain assets that can benefit from Redwood’s experience and customers,” Kincaid said. “The Lathrop team has built a strong reputation for quality customer service and excellent handling operations and we will continue to grow that with investment in the business for the long-term future.”
Redwood was formed in 2010 with a focus on trading whole grains, specialty crops and energy products throughout the United States and Canada. The company also exports products around the world.