Simpson Seeds Inc.
Monette Farms Ltd. has acquired the Swift Current, Saskatchewan cleaning and processing facility assets from Simpson Seeds Inc.
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Monette Farms Ltd. has acquired the Swift Current, Saskatchewan cleaning and processing facility assets from Simpson Seeds Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Simpson Seeds Inc. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed Simpson Seeds Inc. to enhance their strategic focus on value-added processing in the pulse ingredient market, target other strategic opportunities, and support their continued growth at their primary facility in Moose Jaw, Saskatchewan.
The Swift Current, Saskatchewan cleaning and processing facilities are strategically located amongst some of the most productive farmlands in Western Canada and are known for handling and storing a variety of high-quality crops.
Simpson Seeds Inc. is an independently owned buyer, processor, and exporter of pulse crops such as lentils, peas, and chickpeas. Simpson Seeds Inc. is one of the largest independently owned special crops processors and exporters in Saskatchewan, with over 40 years of history.
Monette Farms Ltd. is an integrated and progressive agricultural company with farming operations dedicated to producing and marketing wheat, barley, canola, pulse crops, and cattle over a diverse area including British Columbia, Saskatchewan, Manitoba, Montana, and Arizona. Monette Farms is dedicated to sustainable farming practices along with commodity and input traceability using leading-edge technology. The addition of the Swift Current facility will enable Monette Farms to enhance their vertical integration and commodity cleaning on a larger scale with higher quality grade, while controlling traceability of commodities.