Thompsons Ltd. of Blenheim is at the centre of Andersons, Inc., purchase of the Lansing Trade Group.
The two companies each own half of Thompsons which they bought in 2013.
Anderson’s will pay about $305 million US to buy the 67.5 per cent of Lansing that it did not already own.
LTG shareholders will get about $175 million in cash and about $130 million in unregistered Andersons shares.
Thompsons is the dominant grain and food-grade bean handler and crop input provider in extreme Southwestern Ontario. It has 12 locations in Ontario and Minnesota.
LTG has a trading desk in Chatham and holds a 38 per cent stake in Providence Grain Group of Alberta.
LTG also owns a grain business in Hamilton and deals in feeds such as distillers grains, wheat middlings, protein meals and cottonseed and in ethanol, natural gas liquids and frac sand.
