Regina, Sask. – Alliance Grain Traders Inc. (AGT) has acquired most of the assets of Montreal-based CLIC International for an undisclosed price.
CLIC International imports and packages ethnic foods and ingredients for the retail and foodservice market, while Regina-based AGT processes value-added pulses, staple foods and ingredients. AGT is also one of the largest lentil and pea splitting companies in the world.
According to AGT, acquired assets include inventory, equipment for retail packaging and canning production, retail brands and foodservice contracts. CLIC’s management team will remain with the company through AGT’s new Quebec food division, AGT CLIC Foods Inc.
“The acquisition of CLIC bolsters our ingredient and packaged foods business segment, with small packaging and canning lines to distribute a broad line of pulses and ethnic foods to the North American and global retail and foodservice sectors,” says AGT president and CEO Murad Al-Katib. “This transaction is expected to assist in furthering our stated objective of moving AGT up the value chain and solidifying our transition from a commodity exporter to a food company.”