Stonex Commodity Solutions (SCS), a subsidiary of Stonex Group Inc. (Nasdaq: Snex), announced today the completion of the acquisition of Right Corporation, Bozeman, MT Physical Meat-Trading Company.
The acquisition reinforces Stonex’s global trading capabilities, expands the range of the Right Corporation and utilizes the company for growth. With the support of Stonex, Right Corporation intends to make use of relationships with existing suppliers, traders and end users.
In addition, Right Corporation’s natural supply and marketing capacity will allow Stonex to provide pricing services currently offered via OTC Swap Desk, which provides financial phrases in meat cuts to packagers and final users.
Founded in 2000, Right Corporation provides trading and logistics services for independent meat packaging, distributors and end users. Under the leadership of owner Leslie Wright, the company has created a strong reputation for customer service. Wright, who has deep expertise and long -term relationships, will continue in a leading role with Stonex Commodity solutions.
Leslie Wright’s right -wing owner said:
“We could not be happier with the result of this acquisition. It provides the right corp with greater access to our capital and customers with the institutional power and resources of Stonex, with our combined capabilities and the development capital on the scale. We are excited about the opportunities we go.”
Brent Grecian CEO and President of SCS commented:
“This acquisition extends Stonex to natural meat transactions, ensures an essential customer base and enhances our ability to serve processors, packagers, distributors and end -scale users with more scale, efficiency and value. Stonex in a leading role.”
As a result of the acquisition, Right Corporation will expand its international range with additional supply opportunities from Brazil, Argentina, Australia and New Zealand, completing the existing sales channels in Mexico, Europe, the Caribbean and Southeast.
Ryan Turner, Regional Director, Commercial Ag for Stonex, said:
“The addition of the right Corp expands our potential and will provide our customers even greater access to Protein Risk Management Products and Services.
Right Corporation customers will also benefit from the extensive offer of Stonex products, access to OTC and natural goods compensation, funding solutions, supply support and deep liquidity in fixed income products.