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C.A. PERRY & SON AND LANSING TRADE GROUP JOIN FORCES TO SERVE NORTH CAROLINA FARMERS
(OVERLAND PARK, KS) – SEPTEMBER 20, 2010 - C.A. Perry & Son, Inc. and Lansing Trade Group,
LLC are announcing a new joint business venture called C.A. Perry & Son Grain Company, LLC to operate
three grain handling facilities in northeast North Carolina for origination of local grain from producers,
largely for export.
The grain facilities, located in Hobbsville, Weeksville, and Morgan's Corner, have been in operation
by C.A. Perry & Son and will continue to operate through the transition to the new entity. Lansing Trade
Group has been a consistent merchandiser of grain from these assets, and Lansing will continue to provide
this region with access to quality export markets through container shipment.
The facility in Hobbsville is a 1.26 million bushel grain elevator, which includes high speed container
loading operations. Morgan's Corner is a 220,000 bushel through put elevator, with excellent proximity to
Norfolk, Virginia. The facility in Weeksville is a 720,000 bushel grain elevator. While a recent mechanical
break down will limit activity at the Weeksville facility for a period of time, the new business anticipates
the facility will be reconstructed, improved and fully operable as soon as possible. Each of these facilities
provides needed storage and handling capabilities in this region, where grain production has grown rapidly
over the past decade.
Both companies stated that there are immediate growth plans for the new entity that will add capacity and
speed to the current marketplace. Lansing has made other recent international investments that will allow it
to control the grains from the producer in North Carolina to the importer in Southeast Asia.
"C.A. Perry & Son has established a solid business and a good reputation. The combined strengths
of the C.A. Perry & Son team with Lansing's trading expertise and financial strength will make this venture
a success for North Carolina agriculture. The ability to originate exportable grain via Norfolk, combined with
C.A. Perry & Son's strong transportation capabilities, creates great opportunities for Lansing," said
Bill Krueger, CEO of Lansing Trade Group.
Sidney L. "Bud" Perry, President of C.A. Perry & Son, commented, "We have had a great
relationship with Lansing in which Lansing has contributed to our successful growth. We have seen our businesses
grow at a rapid pace. Our compatibility and unique location put us in a position to bring long-term value and
service to our customers in this region. I am very encouraged by this new business opportunity, and look forward
to watching this business continue to grow with the assistance of Lansing."
Lansing has been in the business of trading commodities for 79 years. Rapid growth of its business over the
past decade has come from responding to marketplace needs, including providing United States grain for export
both by container and bulk shipment. This new venture will allow Lansing to further leverage its trading
platform and customer service abilities, which have been core to the company since its beginning.
About C.A. Perry & Son, Inc.
C.A. Perry & Son has been in operation for 54 years, and was incorporated in 1971. Together, C.A. Perry &
Son, Inc. and C.A. Perry & Son Transit, Inc. staff 86 employees in Chowan and Pasquotank counties. Under
Mr. Perry's leadership, the company has grown into a large volume business that handles corn, soybeans,
wheat, peanuts, cotton and cottonseed at six different locations in northeastern North Carolina. Over the years
Mr. Perry has also built several other successful companies that operate in unity with the grain facilities,
including trucking, fertilizer, seed, and cotton businesses. These businesses will continue to operate apart
from the joint venture, just as they have in the past.
About Lansing Trade Group, LLC
Lansing Trade Group is a privately owned firm formed in 1931. The current ownership group has grown Lansing
into a national trading company, surpassing its grain roots with growth into the energy market. Lansing Trade
Group trades whole grains, feed ingredients, and energy products in domestic and export markets. Current
annual revenues are approximately $4 billion. Company headquarters are in Overland Park, Kansas. Additional
information is available online at www.lansingtradegroup.com.
For additional information contact:
Bud Perry – President, C.A. Perry and Son, Inc.
Phone (252) 221-4463
Tom Irmen – EVP, Strategy & Development, Lansing Trade Group, LLC
Phone (419) 891-6359 |