Regina’s Alliance Grain Traders acquires another North Dakota facility
Regina, Sask. – Alliance Grain Traders (AGT) has bought an unfinished processing facility in Minot, N.D., further expanding its U.S. processing capacity. The plant was previously owned by California companies C&F Foods, Inc. and Real Partner Investments, LLC, and North Dakota’s MCL Ag Investments Partnership, LLP.
The facility will be used for processing beans, chickpeas, peas and lentils, as well as for the value-added production of food ingredient pulse flours, proteins, starches and fibres. The acquisition includes real estate, storage and related handling equipment.
AGT has committed $12 million towards the acquisition and build-out of the plant, which is scheduled for completion by August 2012. When finished the facility will be operated under AGT’s U.S. subsidiary, United Pulse Trading Inc.
“This facility is all about firming up our North American capacity and moving up the value chain with a focus on pulse ingredients and beans for the food sector,” says Murad Al-Katib, president and CEO of AGT.
AGT currently operates a pulse processing plant in Williston, N.D.