The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,
Jimmy Sanders Acquires G&H Seed in Crowley, Louisiana
Jimmy Sanders, Inc., (JSI), a regional ag supplier based in Cleveland, Mississippi, has acquired G&H Seed Company, Inc. and its related company, Liq-Quick Fertilizer Co, Inc. Both are based in Crowley, Louisiana.
Sanders, itself, was acquired by Pinnacle Agriculture Holdings earlier this year
G&H Seed was founded in 1968 by Raymond and Kitty Hensgens, and has 7 retail outlets plus a strong wholesale business servicing Texas, Arkansas, Missouri, Mississippi and Louisiana.
“We are extremely happy to be a part of the Pinnacle strategy. Pinnacle gives us the resources to expand our footprint and dramatically improve our product and service offerings to our customers,” notes Michael K. Hensgens, Business Manager of G&H Seed. “Our family has been committed to offering high quality agronomic goods and services to our customers since 1968. With this partnership we can continue that pledge in both agricultural inputs and technological services.”
Established in June, 2012, Pinnacle Ag Holdings is lead by Kenny Cordell and financed by Apollo Global Management, LLC.
“This acquisition, along with JSI, creates a significant platform to launch Pinnacle and achieve national coverage.” Barry Knight, President of JSI, adds, “G&H will fit ideally with the Sanders’ culture and will help expand our retail footprint into South Louisiana.”