The Andersons, Inc., an Ohio-based agrobusiness, acquired Lansing Trade Group, LLC, one of the largest independently owned physical trading companies in North America, for $305m. In addition to paying approximately $175 million in cash, the Andersons will issue unregistered shares to current Lansing equity holders presently valued at approximately $130 million, subject to certain closing adjustments and changes in the share price of Andersons stock, respectively. "This acquisition creates a grain business of highly complementary assets with greater scale that significantly expands our reach in the agricultural marketplace," said Pat Bowe, President and CEO of The Andersons. "We firmly believe the union of these core agricultural businesses will allow us to compete more successfully, provide greater value across an expanded platform, and grow more profitably. The new, larger organization will provide significant career opportunities for our employees."