GFM Network News

Scoular sidewalk chalk art at the Engredea Expo in Anaheim, Calif. in 2017. (Scoular video screengrab via YouTube)

Scoular to sell edible bean business

MarketsFarm — The Scoular Company has made a deal to sell its edible beans business in Manitoba and the northern U.S. to a Michigan edible bean processing and exporting co-op. Cooperative Elevator Co., which is owned by over 1,100 U.S. farmers and operates mainly in Michigan’s “thumb” northeast of Flint, announced Friday it will buy […] Read more

(Photo courtesy Tri-Field Farms via Facebook, used by permission)

Scoular buys grain elevator in Manitoba’s Interlake

U.S. grain company The Scoular Co. is expanding its stake in the Prairie grain handling market by buying a small former Agricore elevator in Manitoba’s Interlake region. The company on Thursday announced its “recent purchase” of the Tri-Field Farms elevator at Netley, about 25 km north of Selkirk at the south end of Lake Winnipeg. […] Read more

(CNW Group/Legumex Walker)

Ex-Legumex crush plant gets new owners, supply deal

Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more

Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)

Legumex Walker shareholders approve sale

Shareholders in Prairie special crops processor Legumex Walker have voted to take a deal for their company’s assets from U.S. grain firm Scoular. Winnipeg-based Legumex reported Monday that shareholders representing just over 76 per cent of its stock have voted 99.6 per cent in favour of selling the company’s special crops division to the Scoular […] Read more

Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)

Grain handler Scoular on hunt for more Canadian buys

Winnipeg | Reuters — U.S. crop handler The Scoular Co. is looking to acquire stakes in grain and oilseeds facilities in Western Canada, fresh off agreeing to its first major purchase in the crop-growing belt, the private company’s chief operating officer said Monday. Scoular last week agreed to pay $94 million for the special crops […] Read more

Richardson CEO Curt Vossen said the company is in the market for acquisitions in the U.S. grain sector. (Dave Bedard photo)

Richardson targets U.S. acquisitions

Winnipeg | Reuters — Richardson International, one of Canada’s largest grain handlers, is seeking expansion in the U.S. through acquisitions worth $100 million to as much as $2 billion, its CEO said Thursday. Richardson, which now owns two U.S. mills, is interested in Andersons Inc. and private companies Bartlett and Scoular, as well as co-operatives, […] Read more

(CNW Group/Legumex Walker)

Legumex Walker puts sale, merger options on table

Pulse, canola and special-crop processing firm Legumex Walker has declared itself open to “strategic alternatives” for its future, including a sale or merger. The publicly-traded Winnipeg company said Monday its board of directors has set up a review committee to “identify and consider strategic and financial alternatives… with the ultimate goal of maximizing shareholder value.” […] Read more