StoneX Commodity Solutions, a subsidiary of StoneX Group, announces the completion of its acquisition of Right Corporation, a Bozeman, Mont., physical meat-trading company.

The acquisition enhances StoneX’s global trading capabilities and extends Right Corp.’s market reach. With StoneX’s support, Right Corp. intends to build on relationships with existing suppliers, traders and end-users. Additionally, Right Corp.’s physical supply and trading capability will allow StoneX to provide pricing services that are currently offered through its OTC swap desk, which provides financial hedges on meat cuts to packers and end-users.

Founded in 2000, Right Corp. provides trading and logistics services for independent meat packing operations, distributors and end-users. Under the leadership of owner Leslie Wright, the company has built a reputation for customer service. Wright, who has deep industry expertise and long-standing relationships, will continue in a leadership role with StoneX Commodity Solutions.

Wright said, "We couldn’t be happier with the outcome of this acquisition. It provides Right Corp. with greater access to capital and our clients with the institutional strength and resources of StoneX. With our combined capabilities and the growth capital to scale, we’re excited about the opportunities ahead."

Brent Grecian, CEO and president of SCS, said, "This acquisition expands StoneX into physical meat trading, secures a meaningful client base and enhances our ability to serve processors, packers, distributors and end-users with greater scale, efficiency, and value.

"Right Corp. recognized the value we bring through our systems, financial strength, and global network of employees and clients. We aim to expand the Right Corp. business significantly in the coming years. We are very pleased that Leslie, the driving force behind Right Corp., has chosen to continue with StoneX in a leadership role."

As a result of the acquisition, Right Corp. will expand its international reach with additional sourcing opportunities from Brazil, Argentina, Australia and New Zealand, complementing its existing sales channels in Mexico, Europe, the Caribbean and Southeast Asia.

Ryan Turner, regional director, commercial ag for StoneX, said, "The addition of Right Corp. expands our capabilities and will provide our clients even greater access to price risk management products and services in the protein space.

"The combination of Right Corp. and StoneX will also open international expansion beyond the regions where Right Corporation already does business. With the US facing small cattle herds and increasing protein demand, having expanded global supply sources is crucial for serving the needs of our clients."

Right Corp. clients will also benefit from StoneX’s product offering, gaining access to OTC and physical commodities hedging, financing solutions, logistics support and deep liquidity across fixed income products.

Source: StoneX Group