Ceres Global Ag Corp.

Ceres Global Ag Corp.

July 11, 2011 13:00 ET

Ceres Global Ag Corp. Announces Key Management Appointment at Its 100% Owned Riverland Ag Subsidiary

TORONTO, ONTARIO--(Marketwire - July 11, 2011) - Ceres Global Ag Corp ("Ceres") (TSX:CRP) is pleased to announce the appointment of Craig Reiners to the position of COO of its 100% owned subsidiary, Riverland Ag Corp. ("Riverland Ag"). Craig is an experienced grain executive with over 35 years in the business. With a Bachelor of Science in Biology and Chemistry from Augsburg College, Craig previously worked for 26 years at Cargill, culminating as CEO of the North American Malt division, followed by three years in senior leadership positions at ConAgra Foods, Inc. and six years at MillerCoors LLC.

"Craig is a recognized leader in the grain industry and will broaden Riverland Ag's industry expertise, contacts and experience," said Don Grambsch, President and CEO of Riverland Ag Corp.

"Craig will enhance Riverland's existing capabilities in risk management, grain storage operations and customer relationships, and provides additional bench strength to the management team as we continue to grow," said Michael Detlefsen, President of Ceres Global Ag Corp.

Ceres owns 100% of Riverland Ag Corp and has significant capital available to invest in the growth of Riverland and related businesses. Riverland Ag Corp., is an agricultural grain storage and supply chain business that owns and operates 14 grain storage and handling facilities in Minnesota, North Dakota, Wyoming, New York and Ontario, Canada with a total storage capacity of 50 million bushels. Riverland Ag customers include leading food and beverage companies.

This news release contains forward-looking statements concerning the Corporation's business and operations. The Corporation cautions that, by their nature, forward-looking statements involve risks and uncertainty and the Corporation's future actual results could vary materially from those expressed or implied in such statements. Reference should be made to the Corporation's unaudited interim consolidated financial statements, its interim management discussion and analysis, its most recent audited annual financial statements or the initial public offering prospectus dated December 13, 2007 for a description of the major risk factors.

Contact Information

  • Ceres Global Ag Corp
    Jason Gould
    Chief Financial Officer
    (416) 915-2426