Founded 1922 (1922) Revenue 5.56 billion USD (2015) Number of employees 500 | Industry Commodities CEO Bill Krueger (2005–) General counsel Tom Carew CFO Mark O'Donnell | |
 | ||
Area served North America, Asia, South America Key people Bill Krueger (CEO)Scott Mills (EVP) VPs Mike Lemke (Grains), Weston Heide (Internal Operations), Eric Watts (Energy), Steve Titus, Brian Walz (Treasurer) Profiles | ||
Lansing Trade Group, LLC (abbreviated as LTG) is an agribusiness originally established as Lansing Grain Company in 1931, largely owned today by two public entities, The Andersons and Macquarie Group, and New Hope Liuhe Co. Ltd, one of the largest meat processors in China. LTG is one of America’s Largest Private Companies according to Forbes. The company focuses on the movement of physical commodities within North America and internationally.
Contents
Recent History
In 2003, The Andersons became a minority investor in LTG and by 2008 The Andersons made additional investments to secure an ownership interest of 49%. Through its subsidiary, Macquarie Bank, Macquarie Group became an investor in LTG through an investment into Lansing Ethanol Services, LLC, an ethanol trading company created by LTG. In 2013, LTG along with The Andersons purchased Thompsons Limited, a grain and food-grade bean handler headquartered in Blenheim, Ontario, Canada with approximately 12 locations across Ontario and Minnesota. Each company owns 50% of the acquired company, which was purchased for $152 million in cash, business contributions, and external debt. The transaction closed on July 1, 2013. Thompsons Limited will continue operations under its current name and will continue to operate independently.
On January 2, 2014, Olam International announced that is has sold its 50% stake in a joint venture originally established in 2012 by LTG and Olam. LTG purchased Olam's shares in the JV for a cash consideration of $5.4 million. On January 9, 2014, LTG announced plans to construct a high speed train facility capable located near Grayridge, Missouri. The facility will be built on the Union Pacific Railroad and will be completed by fall of 2014. During January, 2014, The Andersons announced that it will reduce its investment in LTG to approximately 39% during the first quarter of 2014. On January 28, 2014, Moody’s Investors Service assigned a B1 rating to LTG and a B3 rating to its proposed $175 million senior unsecured notes due 2021.
On December 8th, 2015, Lansing Trade Group, LLC sold equity to New Hope Liuhe Investment (USA), Inc., a U.S. subsidiary of Chinese company, New Hope Liuhe Co. Ltd. New Hope paid $127,500,000 in cash for a 20% equity interest in Lansing.
Publications
Lansing Trade Group is the 34th largest exporter in the US by container and the 5th largest agricultural exporter according to The Journal of Commerce. LTG is ranked #68 on Forbes’ 2016 list of America’s Largest Private Companies, with revenue of $5.6 billion for its 2015 fiscal year and over 500 full-time employees.