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
Tag: Murad Al-Katib
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
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
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
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
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
The current goal of the Saskatchewan Pulse Growers Association is 7 million acres by 2025. Is that achievable? According to SaskCan Pulse / Alliance Grain Traders CEO Murad Al-Katib it is. He cites a number of reasons including farm sustainability with regard to crop rotations, higher protein value as a food source and the Canadian… Read More