WINNIPEG, MB, Aug. 3, 2021 /PRNewswire/ – Richardson International Limited subsidiary, Richardson Oilseed (U.S.) Holdings Limited, has successfully closed on an agreement to purchase Italgrani USA Inc., the single largest North American durum miller. The transaction was completed on schedule and as planned, satisfying all regulatory and closing requirements.
As part of the agreement, Richardson has acquired the following:
- Milling facility in St. Louis, Missouri
- Storage and crop inputs facilities in Tolley, Powers Lake, and Benedict, North Dakota
- Merchandising office, Mayco Export, Inc., in Minneapolis, Minnesota
A team of over 100 employees will join the broader Richardson network.
Italgrani USA President James Meyer says the acquisition is an important milestone for the company. “Our team is excited about the completion of this transaction and looks forward to joining the Richardson group of companies. We are confident that new opportunities will drive further innovation and growth in Italgrani’s business.”
“We are excited to further diversify our processing operations – building on the success of both our value-added canola crushing and oat milling businesses – and expand our grain origination capabilities in a new marketplace,” says Curt Vossen (President and CEO, Richardson International). “The U.S. is a natural fit for Richardson’s…