Bartlett to Acquire Ceres Global Ag Corp.
Slice of Agriculture Team
May 21, 2025
Key highlights
- Bartlett signs agreement to acquire Ceres Global Ag Corp.
- Ceres brings 45 million bushels of grain storage capacity.
- The acquisition enhances Bartlett’s supply chain and commodity offerings.
- Ceres operates in MN, MB, and SK with strategic joint ventures.
- 70% of Ceres shareholders have pledged support for the deal.
Notable Quotes
“ We’re excited to welcome the Ceres team to Bartlett. ”
Jeff Roberts, President and CEO at Savage
“ Ceres assets, relationships and values are a natural complement to the Bartlett business. ”
Bob Knief, Executive Director at Bartlett
“ Bartlett’s acquisition of Ceres vindicates the strategy we set out to achieve 12 years ago. ”
Jim Vanasek, Chairman at Ceres Global Ag Corp
Why This Matters
This acquisition marks a strategic move by Bartlett, a Savage company, to significantly expand its presence and capabilities in North America's grain and agricultural sector. By integrating Ceres Global Ag Corp.’s extensive network and storage infrastructure, Bartlett strengthens its position as a key player in the international agricultural supply chain. The deal not only consolidates valuable assets but also aligns company cultures and strategic goals, particularly in the merchandising of key commodities like durum, oats, spring wheat, and canola. With strong shareholder support and anticipated regulatory approval, the acquisition is set to bring new growth opportunities for both companies and greater value for farmers, suppliers, and customers across the region.
