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J.D. HEISKELL & CO, LANSING TRADE GROUP ANNOUNCE JOINT COTTONSEED TRADING BUSINESS
Tulare, CA & Overland Park, KS — J.D. Heiskell Holdings, LLC / J.D. Heiskell and Company, and Lansing Trade Group, LLC announced Jan. 10 that it had completed negotiations that will allow the two companies to merge their whole cottonseed (WCS) trading businesses into one jointly-managed trading venture.
The resulting business will be headed up by Lansing's current WCS trader Paul Scruggs and operated from the Lansing headquarters in Overland Park.
"We are honored to partner with one of the recognized leaders on the national cottonseed merchandising scene," said Heiskell CEO Scot Hillman.
"On paper, the benefits to both businesses were a powerful incentive to form this venture. In realized form, I anticipate that we may have created an opportunity even larger than our expectations."
Lansing CEO Bill Krueger added "We have a great deal of respect for the J.D. Heiskell organization. They are a professional and well run company with great employees."
Their large customer base will allow our joint efforts to create solid growth in WCS merchandising."
The combined venture will commence trading on February 1, 2007. Lansing will contribute key strengths of strong destinations and solid originations including Mid-South WCS origination through facilities in Helena and Portland, AK.
These strengths combine well with Heiskell's extensive on-farm presence and facilities focused on the dairy producers of the western USA.
For more information, call J.D. Heiskell at 559-685-6100 or Lansing Trade Group at 800-227-8237.
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, growing beyond its grain roots with growth into the energy market. Lansing Trade Group formed Lansing Ethanol Services, LLC in March 2006 to trade ethanol. Lansing Trade Group trades whole grains, feed ingredients, and energy products, including biodiesel, in U.S. domestic and export markets. Current annual revenues are approximately $5 billion. Company headquarters are in Overland Park, Kansas. Additional information is available online at www.lansingtradegroup.com and www.lansingethanolservices.com.
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