ETG Commodities Inc. Acquires Ilta Grain Inc. Assets
Saskatchewan, Canada: ETG is pleased to announce that they have successfully acquired key assets from former pulse processing company Ilta Grain Inc. The assets include cleaning and splitting facilities in North Battleford, Saskatchewan, as well as cleaning plants in Cut Knife and Swift Current, Saskatchewan.
Commenting on the transaction, Rav Kapoor, ETG Canada’s Chief Executive Officer, said "ETG is excited about expanding and further strengthening its processing capabilities to keep up with the ever-increasing demand for pulses and other specialty crops". Mr. Kapoor also commented "This expansion will further solidify ETG’s position as a global leader in the value-add processing and supply chain for specialty crops". Mr. Kapoor emphasized the key roles that farmers and local entities play in the creation of value throughout the international supply chain. Building on ETG's vision to strengthen local communities worldwide, this endeavor will create hundreds of new job opportunities directly and indirectly through their employees and stakeholders. Global CEO, Ketan Patel added, "This displays our commitment to increasing our investment in Canada and further strengthening ETG's position in the global pulses market".
About ETG Commodities Inc.
Export Trading Group, headquartered in Mauritius, commenced trading in 1967. In 2012, the company expanded its operations into North America with the incorporation of ETG Commodities Inc. In 2014, the company successfully completed its first acquisition of Dunnington Holdings Ltd., enabling ETG Commodities Inc. to grow its footprint in western Canada. Dunnington Holdings Ltd. owns and operates a cleaning plant and red lentil splitter in Swift Current and a Chickpea cleaning plant in Success, Saskatchewan.
Since inception in 2012, ETG Commodities Inc., has established itself as one of the largest exporters in Canada; exporting over 2 million tons of pulses and oilseeds. ETG owns and operates the largest pulses platforms in the world spanning over 15 countries. The group’s sustainable growth is attributed to a dynamic team committed to offering innovative ways for Canadian producers to connect with international markets.
