ADM acquires Canadian plant to meet growing demand for pulse products in animal and human nutrition
TGhe plant will expand the group’s capabilities in terms of meeting the changing needs of its downstream customers who are increasingly looking at pulses as protein sources for both human and animal nutrition products, according to ADM commercial manager, Aaron Brown
The processing giant will work with farmers and the team at Prairie Pulse to expand employment opportunities in Vanscoy.
"We're excited to strengthen our relationships with Canadian pulse growers through the acquisition of Prairie Pulse. We'll be reaching out to producers about ADM's unique array of tools and resources to help them manage and grow their businesses – including our access to global markets, our work to create value for sustainable farming practices, and our technology partnerships."
Prairie Pulse's operations in Vanscoy – which include origination, 12,000 MT of bulk storage, cleaning, milling, sorting, sizing and bagging – will double ADM's pulse footprint in the region.
The pulse dehulling and splitting facility transforms lentils, chickpeas, and peas into shelf- and food-ready products for domestic and international consumption.
ADM's current services and operations in Saskatchewan include pulse origination and cleaning in North Battleford, canola crushing in Lloydminster, oilseed sourcing in Watson, and fertilizer sales and distribution in Lajord and Yorkton.
Commodty brokerage
ADM has been on the asset trail of late. May saw it announce that it had reached an agreement to acquire DCA Finance, subject to required regulatory approvals.
DCA, located in Lelystad, in the Netherlands, provides commodity derivative broking services to a broad range of agricultural customers in Europe.
Upon approval and completion, this acquisition will extend the geographic footprint of ADM Investor Services (ADMIS), to provide clearing, risk management and hedging solutions on regulated financial markets for customers across Europe.
The transaction is expected to complete in the second half of 2023.
