Tag: AGT Food and Ingredients

Port of Churchill sold to group that includes AGT Food & Ingredients

The Port of Churchill and the rail line leading up to it have been sold to a group that includes Saskatchewan based pulse and specialty crop exporter AGT Food & Ingredients. After an earlier agreement-in-principle fell apart, the federal government announced the sale on Friday of the northern port and rail line from Omnitrax to… Read more »

AGT Food and Ingredients announces bid to privatize

In a move some might already thought was coming, Saskatchewan-based AGT Food and Ingredients Inc announced Thursday it would be seeking privatization. The pulse processing and export company announced the move to go private this morning, but did not offer a clear indication as to when the privatization would actually take place. According to a… Read more »

Churchill viewed as a “viable surge port” for prairie grain, says Al-Katib

The head of one of Canada’s largest pulse crop exporting companies is optimistic we’ll see Western Canadian crops shipped through the Port of Churchill again. AGT Food & Ingredients is one of the partners in a group that has reached an agreement-in-principle to purchase the port and the rail line leading to it from OmniTrax…. Read more »

AGT Food and Ingredients part of Churchill rail and port deal

Could Western Canadian crops once again be exported through the Port of Churchill? Owner Omnitrax has reached an agreement-in-principle to sell the rail line leading to Churchill and the Port of Churchill to a consortium that includes pulse exporter AGT Food and Ingredients, according to the federal government. The Hudson Bay rail line has been… Read more »

AGT signs 20-year service deal for new port terminal to be built in Vancouver

Regina-based pulse and specialty crop exporter AGT Food and Ingredients has signed a 20-year deal for access and certain exclusive rights to a new agriculture export terminal to be built at the Port of Vancouver. The long-term service agreement with Fibreco Export Inc. is pursuant to the B.C.-based forestry products exporter building a new crop… Read more »

AGT Food Acquiring Mobil Grain

Regina-based AGT Food and Ingredients has announced an agreement to purchase Mobil Capital Holdings Ltd., the parent company of Mobil Grain, for $57.5 million. The price includes the issuance of $19 million of common shares in AGT and a $19.5 million promissory note. Founded by Lavern and Sheldon Affleck, Mobil specializes in operating a modular-designed, moveable… Read more »

Pulse School: Global Food Trends Favour Pulses

Whether it’s growing demand for protein or pressure to reduce carbon footprints in the food chain, pulses appear well-positioned to benefit from global food trends. As the largest pea and lentil exporter in the world, Western Canada stands to become the “protein basket of the world,” says Murad Al Katib, president and CEO of Regina-based AGT… Read more »

AGT Still Planning to Build a Pasta Plant in Saskatchewan

Plans to build a pasta processing plant in Regina are still alive, according to the head of Saskatchewan-based AGT Food and Ingredients (formerly Alliance Grain Traders.) The company’s purchase of West Central Road & Rail for $22 million this spring moves AGT closer to building the facility first announced back in 2011, said Murad Al-Katib at Canada’s… Read more »

Alliance Grain Traders Changes Name, Reflecting Move Up the Food Chain

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… Read more »