WINNIPEG, Manitoba, July 8 (Reuters) – Canadian grain handler Richardson Worldwide Restricted mentioned on Thursday that it has agreed to purchase Italgrani USA, North America’s largest durum miller, because it will increase its food-processing operations.
Italgrani’s property embrace a mill in St. Louis, Missouri specializing in semolina and durum flour, storage and crop enter amenities in North Dakota and a commodity buying and selling workplace in Minneapolis, Minnesota.
Winnipeg, Manitoba-based Richardson, a non-public firm, didn’t disclose the deal worth. The transaction will shut pending regulatory approvals.
The U.S. acquisition is a step towards Richardson’s objectives to broaden geographically and its food-processing operations, which embrace canola crushing and oat milling, Chief Government Curt Vossen mentioned.
Rabobank is serving as Richardson’s monetary advisor, whereas Rothschild & Co is monetary advisor for Italgrani.
(Reporting by Rod Nickel in Winnipeg; enhancing by Diane Craft)
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