Landus announced it will purchase the assets of Snittjer Grain Co..
Through a signed letter of intent, Landus will take ownership as of September 1, 2023.
With two locations in Wellsburg, Iowa, and Conrad, Iowa, Snittjer is a family-owned and -operated grain merchandising and elevator company with 11 employees.
"Snittjer is a well-run company with deep roots in the communities they serve," said Matt Carstens, president and CEO of Landus. "Landus has worked closely with the Snittjer team over the past two years through our Optimization model, and through our ongoing collaboration we have developed deep respect for their team and the communities they serve.
"Snittjer’s assets are in ideal locations for our sustainable growth plans at Landus as we continue to expand," continued Carstens. "We welcome Snittjer employees to the Landus team and are eager to work alongside them to continue to put local farmers at the center of everything we do."
Snittjer employees will join the more than 600 Landus employees who serve 7,000 farmers across the Midwest with grain, agronomy, animal nutrition and data programs. Landus operates through 60-plus locations in the U.S. and Mexico and is the only Iowa agricultural retailer with access to seven railroads.
J.R. Kennedy, general manager, Snittjer Grain Co., said they have worked with Landus in various capacities over the last few years and appreciate their partnership approach.
"On behalf of both Pat Kennedy and me, as leaders we’re proud to say this opportunity is possible because Snittjer is financially sound and because of our strong team who will blend well with Landus," said J.R. "We are excited to join the Landus family and continue to serve our customers at the level they’ve come to expect, now with the full scope of Landus’ wide breadth of products and services."
