Canadian agribusiness Richardson International announced Tuesday that its purchase of semolina and durum wheat miller Italgrani USA Inc. has closed.
Under the terms of the deal, Richardson is taking possession of a milling facility in St. Louis, MO, several storage and crop inputs sites in North Dakota, and the Mayco Export Inc. merchandising office in Minneapolis.
“We are excited to further diversify our processing operations – building on the success of both our value-added canola crushing and oat milling business – and expand our grain origination capabilities in a new marketplace,” Richardson’s chief executive officer and president, Curt Vossen, said in a company release. “The US is a natural fit for Richardson’s long-term growth strategy and we are proud of our history investing in and supporting the communities where our customers employees live and work. We will continue in this tradition as we welcome all new employees into the fold.”
About 100 employees of Italgrani USA will join Richardson Oilseed.
Plans for the acquisition were first revealed in early July.