A wheat cleaning and flour milling facility
The Andersons Canada Limited has acquired A wheat cleaning and flour milling facility
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The Andersons Canada Limited has acquired A wheat cleaning and flour milling facility. MNP Corporate Finance Inc. acted as financial advisor to the Court appointed receiver in structuring and negotiating this transaction.
Transaction Brief
The Andersons Canada Limited ("The Andersons") is a subsidiary of The Andersons, Inc., a Fortune 500 publicly traded (NASDAQ: ANDE) diversified agricultural company that is involved in the agribusiness and renewables sectors. The Andersons, Inc. was founded in 1947 and has grown from a single grain elevator business to multiple locations across North America and beyond.
The wheat cleaning and flour milling facility is located in Southern Ontario, and produces various types of cleaned wheat and flour such as whole wheat, bran and durum.
MNP Ltd. was appointed as the receiver of the wheat cleaning and flour milling facility after the company failed to meet its obligations to the secured lender. MNP Ltd. engaged MNP Corporate Finance Inc. to execute the Sale and Solicitation Process.
This transaction allows The Andersons to expand their operations.