BLOOM, Manitoba — Hensall District Co-operative, Inc. (Hensall Co-op), a leading farmer owned co-operative in the Canadian agricultural sector, today announced that it has acquired ILTA Grain Inc’s. edible bean processing plant located at Bloom, Manitoba including satellite receiving at Miami, Manitoba. The facility has the capacity to process up to 40,000 MT of dry beans into various pack sizes.
“We are very pleased to expand our manufacturing footprint in bean processing with this high quality, well managed facility” stated Joey Groot, the Corporate Operations Manager of Hensall Co-op. “Our product is so highly sought after around the globe that we have been running above capacity at our current facility in Hensall, Ontario. We are very fortunate to find an opportunity to grow our capability while giving us access to experienced and valued employees, improving our logistics stream and reducing risk by diversifying our manufacturing footprint. Being within 20 kilometres of our existing operation in Rignold, Manitoba is an added bonus.”
“The global demand for plant-based proteins will continue to increase and Hensall Co-op will continue to be a part of that growth” said Derwyn Hodgins, Commercial Business Manager of Hensall Co-op. “Having a facility in Bloom, Manitoba expands our food grade product portfolio and improves our responsiveness in the global marketplace, providing us the opportunity to expand into new geographies.”
“Manitoba provides Hensall Co-op a unique opportunity to not only grow our business but improve the value stream within our existing portfolio” said Brad Chandler, CEO of Hensall Co-op. “This acquisition confirms our commitment to Canadian agriculture and rural communities beyond our traditional geography.”
“This asset acquisition provides an immediate springboard to continue the growth of our dry bean export programs” said Peter Dinsmore, Chair of the Board of Directors of Hensall Co-op. He added “we will apply our business model of providing the highest quality beans combined with more value to end users to further expand our presence in the global marketplace. This, in turn, will provide more opportunities for both our members and customers to grow, expand and profit.”
The facilities will be referred to as Hensall Co-op Bloom and Hensall Co-op Miami.
Financial details will not be disclosed.
About Hensall Co-op:
Founded in 1937, Hensall Co-op is 8th largest non-financial co-operative in Canada with over 6,000 member-owners and 30 owned locations in Ontario and Manitoba. With Customers in more than 40 countries and operations in Food Products (Dry Beans and Food Grade Soybeans), Grain and Ingredient Marketing, Energy (Fuel and Propane), Animal Nutrition and Global freight forwarding and logistics, it has a proud tradition of enhancing value for its members. Hensall Co-op is Proud to be Farmer Owned.
Source : Hensall Co-op