Prairie Pulse has been in operation for the last 28 years specializing in the origination, milling, and packaging of lentils and other pulses in its Vanscoy facility, serving them as food-ready products to local and international consumers.
The acquired facility has a 12,000 MT bulk storage capacity and will double ADM’s pulses footprint in the region.
“Their success is our success, and we’re excited to strengthen our relationships with Canadian pulse growers through the acquisition of Prairie Pulse,” said ADM commercial manager Aaron Brown.
The agribusiness giant also remarked that it would be reaching out to producers about ADM’s unique array of tools and resources to help them manage and grow their businesses – including its access to global markets, the creation of value for sustainable farming practices, and technology partnerships.
Brown also said the addition expands the company’s capabilities to meet the needs of its downstream customers, who are increasingly looking at pulses as protein sources for both human and animal nutrition products.
“The enduring global trends of sustainability and food security are powering growth in alternative proteins, and ADM is continuing to invest to ensure we’re at the forefront of meeting those needs,” he commented.
Brown also remarked that the acquisition would benefit other players in the pulses value chain in the Vanscoy area.
“We look forward to working with farmers and the great team at Prairie Pulse to expand employment opportunities in Vanscoy and enhance our capability to supply the growing demand for pulse products,” he added.
Prairie Pulse President and CEO, Allan Wagner, expressed optimism about the acquisition, remarking that the partnership presented an exciting opportunity for its stakeholders.
“ADM is a global leader in agribusiness, transportation, and processing, as well as the fast-growing alternative protein sector that our products serve. I’m excited, honored, and proud to join the ADM team, whose guidance, strength, and leadership will be a tremendous boost to our efforts to maintain, expand and grow our business,” Wagner commented.
ADM’s current services and operations in Saskatchewan include pulse origination and cleaning in North Battleford, canola crushing in Lloydminster, oilseed sourcing in Watson, and fertilizer sales and distribution in Lajord and Yorkton.
Although the terms of this acquisition remain undisclosed, it is an opportunity for ADM to deepen its roots in the Canadian pulses business.