Winnipeg-based special crops marketing company Legumex Walker has cleared its final hurdle in winding down operations, announcing on Tuesday it has handed over its 84 percent stake in Pacific Coast Canola and PCC’s troubled crush plant in Washington. The divestiture arrangement sees Glencore increase its ownership stake in PCC from 16 percent to 50 percent for no… Read More
Tag: Legumex Walker
Legumex Walker Inc.’s shareholders have voted in favour of selling the company’s special crops business to The Scoular Company and to subsequently liquidate and dissolve LWI. Over 99 percent of the votes counted on Monday morning were in favour of selling the special crops division, while 90 percent said “yes” to winding down the company… Read More
Winnipeg-based special crops marketing company Legumex Walker Inc. has signed a deal to sell its special crops business to The Scoular Company. With its Pacific Coast Canola plant in financial trouble, Legumex Walker announced in March it had formed a committee to explore options for selling all or part of the company, possibly including its primary… Read More
Lenders have come calling for Legumex Walker Inc.’s canola processing business. According to a statement from the company, Pacific Coast Canola has defaulted on its loans, owing an estimated US$54.6 million. AgCountry Farm Credit Services, which represents a syndicate of lenders under PCC’s senior credit facility, has served notice demanding the repayment of all amounts… Read More
The board of directors for one of Canada’s largest processors of special crops and pulses is considering its strategic options, including merging with another entity or selling the company. In an announcement made Monday, Legumex Walker Inc.’s board and management say they believe the share price for the company “has not been reflective of the fundamental value inherent… Read More