Mountaire acquires Eastern Shore grain company’s assets

0
Mountaire grain elevator in Townsend, DE

Mountaire Farms Inc., Millsboro, entered into an agreement to purchase the grain elevators and operating assets of Lansing Trade Group LLC in Pocomoke, MD; and in Eastville and Painter, VA.

The price was not disclosed.

According to Paul Downes, CEO; “Mountaire is a family owned agricultural company with deep roots on the Eastern Shore. We are major purchasers of grain commodities and are committed to quality, service and value for our farmers. Mountaire is very excited about this opportunity and we look forward to strengthening the ties we have with the local communities.”

Mark Mulholland, Senior Director of Agri-Business noted, “This purchase will continue Mountaire’s long history of great relationships with local farm families and growers on the Delmarva Peninsula. The addition of these facilities is an important investment in the local economy, and will position the company to better serve the local farming communities.”

Advertisement

We look forward to providing local farmers with exceptional customer service and extremely competitive grain prices in the Eastville and Painter areas. The grain elevators, formerly owned by Coastal Commodities, Inc, will continue to handle five key grain commodities; corn, beans, wheat, barley, and milo.

Mountaire Farms is an agricultural food processing company providing employment for over 8,500 people at facilities in Delaware, Maryland, and North Carolina.

Facebook Comments
Advertisement
SHARE
Previous articleBusiness people: June 26, 2017
Next articleSalisianum emerges as the only interested party in Baynard Stadium project

Delaware Business Now is a four-year-old, five-day-a-week newsletter and website operated by Bird Street Media LLC. Publisher and Chief Content Officer is Doug Rainey, a 30-year veteran of business journalism in the state of Delaware. 

Business Now focuses on breaking business news in Delaware and immediate adjacent areas with apropriate background and perspective. Also offered exclusively in our FREE newsletter is commentary on state and regional issues.

Have a complaint, question or even a compliment? Send an email to drainey@delawarebusinessnow.com.

For advertising information, click on the About tab at the top of the home page Our business hours are 8 a.m. to 5 p.m., Monday through Friday. Call us at 302.753.0691.

Advertisement