Ceres Global Ag announces option to acquire Delmar Commodities

Ceres, Inc. is an agricultural biotechnology company that develops and markets seeds and traits to produce crops for feed, forages, sugar and other markets. The company uses a combination of advanced plant breeding, biotechnology and bioinformatics to develop seed products and biotechnology traits to address many of the current limitations and future challenges facing agriculture. These technology platforms, which can increase crop productivity, improve quality, reduce crop inputs and improve cultivation on marginal land, have broad application across multiple end markets, including food, feed, fiber and fuel.

The company was founded in 1996. In addition to the operations in the United States, it has a subsidiary in Brazil called Ceres Sementes do Brasil. On June 21, 2016, Ceres was acquired by Land O'Lakes for $17.2 million.