Olam forms joint venture with Lansing in Canada

Lansing Olam Canada will focus on merchandising Canadian grains and oilseeds to meet demand in North America as well as international markets.

Olam International Limited and Lansing Trade Group LLC announced the intention to form a 50/50 joint venture to originate and merchandise Canadian grains and oilseeds, with the aim to establish a meaningful position in the liberalised Western Canadian Grains marketplace.

“The JV, to be known as Lansing Olam Canada, will combine the global market presence, captive consumption and customer relationships of Olam with the North American merchandising skills and experience of Lansing,” said a joint statement.

KC Suresh, President and Global Head of Olam’s Grains Business commented, “The JV will leverage Olam’s in-house milling demand in Africa, its rapidly growing global trading platform and customer base along with Lansing’s deep knowledge of North American market. This will enable the JV to become a valuable contributor in the liberalised market.”

Lansing Olam Canada is expected to commence operations in July 2012.