StoneX Group Inc. (NASDAQ: SNEX) announced on Wednesday that it has acquired Advanced Marketing Group, LLC (AMG), a merchandiser of feed ingredients, pet food ingredients, and organic fertilizer. The deal will see AMG folded into StoneX Supply & Trading’s existing feed ingredients operations.

AMG, founded in 2010 and based in Wilsonville, Oregon, trades animal protein based feed ingredients and produces organic fertilizers. Its client base includes pet food manufacturers, dairy and poultry producers, feed mills, feedlots, and fertilizer brands. The company employs around 20 trading and operations staff across four US states, Oregon, Kansas, Texas, and Virginia, as well as Canada, with support from a network of trans-load and storage facilities.

According to StoneX, the acquisition will strengthen its feed ingredients platform by adding new underliers in animal based protein, along with a broader client base and wider geographic footprint across North America. For AMG, the deal provides access to StoneX’s capital base, risk management infrastructure, and global network.

Brent Grecian, CEO of StoneX Supply & Trading, said AMG brings an established business with supplier relationships and “approved supplier” status that would be difficult to replicate. He added that the company expects to grow its share of client feed and ingredient needs by working across other StoneX business units, noting that the deal extends its physical commodities reach into animal protein and pet food ingredients.

Ted Skinner and Pete Schoonveld, owners of AMG, said joining StoneX would give their business the capital and infrastructure needed to expand beyond what it could achieve independently, while preserving the team’s work to date.