Minneapolis, MN (August 16, 2019) - Ceres Global Ag Corp., a global agricultural, energy and industrial products merchandizing and supply chain company, has announced that it has completed its acquisition of Delmar Commodities, Ltd. ("Delmar") based in Winkler, Manitoba.

Ceres has acquired 100% of Delmar's issued and outstanding shares for approximately CAD $15.25 million in cash paid to Delmar's shareholders, and the assumption of approximately $7.6 million in existing term debt. The acquisition was funded with a combination of debt and existing working capital.

"With the completion of this acquisition we have made meaningful progress on our goal to diversify our product lines, add strategic origination capabilities for our core products, and expand our geographic footprint in Canada," said Robert Day, President and Chief Executive Officer at Ceres. "We welcome the talented team at Delmar to Ceres and look forward to working together as we continue to execute on our growth strategy."


About Ceres Global Ag Corp. (ceresglobalagcorp.com): Through its network of commodity logistics centers and team of industry experts, Ceres procures and supplies North American agricultural commodities and value-added products, industrial products, fertilizer, and energy products, and provides reliable supply chain logistics services to customers worldwide.

Ceres operates five locations, Duluth, MN; Minneapolis, MN; Shakopee, MN; Northgate, Saskatchewan; and Port Colborne, Ontario, and is headquartered in Minneapolis, MN. Its facilities throughout North America have an aggregate grain and oilseed storage capacity of approximately 29.7 million bushels.

Ceres also has a 50% interest in Savage Riverport, LLC, a joint venture with Consolidated Grain and Barge Co., a 25% interest in Stewart Southern Railway Inc., a short-line railway located in southeast Saskatchewan with a range of 130 kilometers, and a 17% interest in Canterra Seed Holdings Ltd, a Canada-based seed development company.

For more information, please visit www.ceresglobalagcorp.com.

About Delmar Commodities, Ltd.: Delmar Commodities, Ltd. is a Manitoba-based agricultural processing and supply chain company with four primary business lines: Grain merchandizing, soybean crush, birdfeed production and sales, and is the exclusive distributor in western Canada of Legend Seed products under a license and distribution agreement with Legend Seeds, USA.

For more information, please visit www.delmarcommodities.com.