Alliance Grain Traders Announces Acquisition of Australia’s Canz Commodities

Regina-based Alliance Grain Traders Inc. announced that it has acquired all of the assets of Canz Commodities, a chickpea and pulse processor in Narrabri, New South Wales Australia, located approximately 500 km from Sydney. The assets acquired include real property, storage and related handling equipment and a processing plant for pulses and grains, specializing in desi and kabuli chickpeas, faba beans, mung beans and albus lupins. The total investment, including the cash acquisition price and a budget for improvements, is C$8 million. The Narrabri facility is currently operational with capital expansions and improvements planned to commence immediately. The new company will be owned and operated by AGT’s wholly owned subsidiary, Australia Milling Group PTY Ltd. Alliance Grain Traders Inc. is a pulse processor and exporter engaged in the business of value-added processing of pulses and specialty crops, for export and domestic markets.