Home Crop Monitoring Richardson moves on largest North American durum processor

Richardson moves on largest North American durum processor

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A Richardson Worldwide Restricted subsidiary, Richardson Oilseed (U.S.) Holdings Restricted, has entered into a purchase order settlement to accumulate Italgrani USA Inc., the only largest durum miller in North America.

Richardson says this buy moves it in the direction of its imaginative and prescient to diversify processing operations.

As a part of the deal, Richardson will purchase a milling facility in St. Louis, Missouri, which focuses on semolina and durum flour merchandise,  in addition to storage and crop inputs services located at Tolley, Powers Lake, and Benedict in North Dakota, and a commodity buying and selling workplace at Minneapolis, Minnesota.

“This acquisition is fully aligned with our long-term strategic goals of diversification, geographic expansion, and an increased presence in food processing – having gone from canola to oats and now to durum processing,” says Curt Vossen, president and CEO of Richardson Worldwide. “The significant scale of processing capability of the Italgrani plant, combined with origination opportunities and crop inputs retail facilities, all included in this transaction, will further enhance the services we will be able to offer to our producer customers, both in Canada and the U.S.”

The acquisition settlement will shut instantly following receipt of all requisite regulatory approvals, leading to Richardson proudly owning 100 per cent of the shares of Italgrani USA. Richardson says it should retain the present workforce of Italgrani USA.

“The Italgrani team is pleased to be joining the Richardson International family of companies and looks forward to working together to further grow and expand the Italgrani USA business footprint,” says James Meyer, president, Italgrani USA. “Our two companies are well aligned in that we are both focused on customer service, innovative solutions, and being good stewards of resources.”

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