Prime Minister Justin Trudeau announced several new pieces of the Canadian government’s yet-to-be-released Indo-Pacific Strategy while in Thailand for the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting on Friday. The announcement included $31.8 million designated to establish Canada’s first agriculture trade office in the region to “increase and diversify agriculture and agri-food exports to the… Read More

Federated Co-operatives Limited (FCL) and AGT Foods have announced a joint venture partnership that will see a 1.1 million metric tonne/year canola processing facility in Regina, Sask. The canola crush plant is part of a larger $2 billion investment FCL is making in the construction of an Integrated Agriculture Complex (IAC). The announcement builds on… Read More

It’s the last Friday in November! Some might call it Black Friday, but we here in Canada would rather call it “we’re jealous of your Thanksgiving leftovers, America” Friday. On today’s show, hear: John Ibbitson, columnist with the Globe and Mail, about the Conservative Party’s leadership and dealings with China; Patti Durand, transition specialist with… Read More

With just a few regulatory hurdles to go, AGT Foods and Ingredients will soon revert back to a private company. Led by Murad Al-Katib, founder, president and CEO, the Saskatchewan-based pulse and grain processor has big plans in the years ahead, including a “scale up and grow” plan that includes heavy investments into infrastructure and transport… Read More

It’s been several months since Saskatchewan-based AGT Food and Ingredients’ leadership announced its plans to take the company private. Today, AGT, Fairfax Financial, and Point North Capital released the details of its agreement to privatize. AGT says they’ll offer $18 per common share, which represents a premium of 36.7 per cent to the closing price… Read More

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

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

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

 

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