World Grain - August 2017 - 18

NEWSREVIEW

Agrocorp acquires Associated Grain
SINGAPORE - Agrocorp International, a Singapore-based
agricultural commodities trading and processing company, has
acquired Associated Grain, a Dalby, Queensland-based processor
of pulses and seeds. Financial terms of the transaction were not
disclosed.
Associated Grain operates four plants in the vicinity of Dalby
with a cumulative storage capacity of 25,000 tonnes. The facilities
also have the ability to handle 200,000 tonnes a year. Associated
Grain's product portfolio includes pulses such as chickpea, mung
bean and faba beans as well as cereals like wheat and barley. The
company also has a Chanadal production plant and a growing
seeds processing and distribution business.
Agrocorp said the acquisition of Associated Grain is part of its
"twin strategy" to expand its processing business and access more
of the value chain, as well as to consolidate its leadership in the
pulses industry.
"Global interest in cultivating and consuming pulses is fast
growing with the U.N. having declared 2016 to be the international
year of pulses," Agrocorp said. "Pulses are the edible seeds
of plants in the legume family and includes products such as
chickpea, dry pea, pigeon pea, lentils and mung bean. Most of
these are staple foods in South Asian diets but consumption has
been on the rise in other regions as well in which pulses are seen
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an alternative to meat and dairy."

18

Agrocorp said adding Associated Grain's operations will allow
it to procure grains directly from the farmers as well as supply
them with seed ahead of the planting season.
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of its subsidiary in Canada, Agrocorp Processing, in 2012.
Agrocorp Processing has since grown to owning and operating
four pulse and wheat processing facilities in Canada, and recently
opened a rice mill in Myanmar in May.
Additional plant construction is planned over the next year in
Canada, India and Bangladesh.
Under terms of the acquisition, Agrocorp said it has committed
to new infrastructure with an additional 2,400 tonnes of silo
storage capacity being built. The company also has committed to
R&D projects to develop new seed varieties in collaboration with
a research institute in Queensland.
Associated Grain's management will remain intact, and all 53
employees will be retained following the transaction, Agrocorp
said.
Agrocorp International is a global agri commodity trading
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in 14 countries, including Canada, China, Turkey, India, Ivory
Coast, Myanmar and now Australia. In 2017, Agrocorp moved 9
million tonnes across commodities such as grains, pulses, sugar,
oilseeds, cashews and cotton, and generated sales revenue of
more than $3 billion.

August 2017 / World Grain / www.World-Grain.com
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World Grain - August 2017

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