The Butte-based Northern Seed LLC has acquired the assets of Montana Seed and Grain of Billings.
The Billings location will retain the Montana Seed and Grain name. It will continue to service the Billings and Northern Wyoming market from Billings. Montana Seed and Grain will retain the present work force, add marketing personnel and increase supply numbers.
Lynnette Downs, former Montana Seed and Grain owner, said she is confident that the company will be in good hands.
“When Ron Ueland and Northern Seed, LLC showed interest in purchasing Montana Seed, I knew it would be a good fit,” said Downs. “In the past, we have enjoyed working with them and felt that their business values closely matched ours. We know this purchase will result in only good things to come for our area.”
Last November Northern Seed took a majority ownership in WestFeeds of Billings to increase market competitiveness and growth opportunities. WestFeeds has feed operations in Billings, Great Falls, Dillon, MilesCity and Lewistown.
Ueland and Bobby Barkley of Yuma, Ariz., secured the services of Lariat Partners, a private equity firm that specializes in agricultural strategies, last November, too. Lariat Partners is located in Denver.
Based in Butte, Northern Seed is comprised of five seed conditioning plants: in Shelby, Conrad, East Pondera County, Fort Benton, and now Billings.
View the original article here