Origin Merchant Partners is pleased to announce that Hensall District Co-operative, Inc. (“Hensall”) has completed the acquisition of ILTA Grain Inc.’s edible bean processing plant, located in Bloom, Manitoba and the satellite receiving location in Miami, Manitoba. The facility has the capacity to process up to 40,000 tonnes of dry beans per year and will increase Hensall’s ability to source and process plant-based proteins to supply global demand.
Origin Merchant Partners acted as exclusive financial advisor to Hensall with respect to this transaction.
Hensall DIstrict Co-operative Inc., founded in 1937, is 8th largest non-financial co-operative in Canada with over 6,000 member-owners and 30 owned locations in Ontario and Manitoba. Hensall has customers in more than 40 countries and operations in Commodity Handling and Storage, Food Products (Dry Beans and Food Grade Soybeans), Grain and Ingredient Marketing, Energy (Fuel and Propane), Animal Nutrition, Crop Inputs and Global Freight Forwarding and Logistics.
ILTA Grain Inc. (“ILTA”) is a leading processor and merchandiser of pulses, grains/oilseeds and other special crops in Western Canada. ILTA has operations in locations throughout Saskatchewan (Swift Current, Cutknife, North Battleford, Saskatoon, Regina).