ETG Commodities Inc. (ETG North America), the North American subsidiary of Export Trading Group (ETG), has acquired the bean processing facility and related production assets from Globeways Canada in Plum Coulee, Manitoba.
"The Plum Coulee facility will support ETG North America’s growth and leadership in the rapidly expanding market for dry edible beans,” says Rav Kapoor, Chief Executive Officer of ETG North America.
In a news release, the company says the acquisition further strengthens ETG as a global leader in pulse and specialty crops processing and bolsters the company’s processing capacity for dry edible beans to facilitate added growth in its key markets. The addition provides ETG North America with processing capacity for dry beans by diversifying its pulses portfolio, as well as strengthen its farm-level partners across the region. The facility will enable efficient product processing and distribution across the world, helping buyers to meet fast growing demand for edible beans.
“This acquisition brings a lot of synergy to our existing global supply chain network and as a result, we’ll be able to offer a diversified portfolio of products to our existing customers. We will be further investing and upgrading the facility to maintain the high standard of quality and service our customers expect. It marks an important milestone in our pursuit to connect local Canadian farming communities to global markets,” added Kapoor.
The Plum Coulee facility is capable of sourcing and processing coloured edible beans including: Pinto Beans, Black Beans, Navy Beans, Great Northern Beans, White Kidney Beans, Light Red Kidney Beans, Dark Red Kidney Beans and Cranberry Beans. Strategically located in the heart of the Southern Manitoba bean growing area near major railroads and highways with versatile loading capabilities.
ETG Commodities Inc., is one of the leading exporters of Specialty Crops in North America, supplying processed pulses and specialty commodities to customers around the world. ETG Commodities Inc. is headquartered in Toronto with value-add processing facilities across Canada.
It includes a state-of-the-art down packing facility that provides retailers across Canada and the U.S. with products in plain pack and private label form and is a full line wholesale distribution centre serving North America.
Processing facilities located in Saskatchewan include Swift Current, North Battleford, Success and Cut Knife, and the newest facility in Plum Coulee, Manitoba.
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