Regina-based specialty crop buyer Alliance Grain Traders has completed a change to its name, announcing this morning that it is now known as “AGT Food and Ingredients Inc.”
“We feel our new name better reflects our business focus and strategy and makes this focus clear to our shareholders, our customers, our stakeholders and to food markets globally,” said Murad Al-Katib, AGT’s President and CEO, in a news release. “We have embarked on a path towards food ingredients and retail packaged foods through our recent investments and expansions, complementing our legacy business in pulses and staple foods processing, exporting and merchandising.”
He said recent partnerships with Cargill and Ingredion “signalled a need to create a new name for AGT, as we continue our movement up the value chain from being a commodity processor and exporter to a food ingredient producer and supplier.”
The name change was approved by shareholders at AGT’s annual meeting on June 19th.
AGT and its subsidiaries (which include SaskCan Pulse Trading and United Pulse Trading) purchase pulses and specialty crops, including lentils, peas, chickpeas, beans and canary seed, from producers in Western Canada and the Northern U.S. The company was started in 2007 when Saskcan Pulse was acquired by the Agtech Income Fund. It has since grown to include offices and processing facilities in Canada, the U.S., Turkey, China, Australia and South Africa. AGT has sales offices in the U.K., the Netherlands, Spain, Switzerland and India, as well as origination offices in Russia.