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CANADA -The government of Canada is investing up to C$23 million in Global Agriculture Trans-Loading Inc. (GATL) to double its operations in the transportation of agricultural produce. The multi-million investment is part of the National Trade Corridors Fund and will likely expand rail capacity in Surrey, British Columbia. The NTCF is a competitive and merit-based C$4.7 billion fund that helps…
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CANADA – London Agricultural Commodities has finalized the acquisition of a grain elevator facility in Ontario, Canada, from Minnesota-based Agri commodity trader Ceres Global. The US$4 million deal was finalized in February and is the culmination of a relationship dating back to 2019 when Ceres first provided LAC storage and handling services from its Port Colborne. LAC for the past…
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CANADA – Grupo Bimbo, has appointed Marie-Eve Royer to succeed Joseph McCarthy as the new president of its Canadian business unit. McCarthy transitions to a newly created role at Bimbo Bakeries USA after five years of leading Bimbo Canada. “Marie-Eve is a visionary leader with an outstanding track record leading large, complex projects through periods of change and transformation,” said Mark…
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NORTH AMERICA – Middle-market private equity firm PNC Riverarch Capital has acquired baked foods manufacturer Backerhaus Veit, Ltd from Swander Pace Capital for an undisclosed sum. Founded in 2011 and headquartered in Pittsburgh, North America, PNC Riverarch capital specializes in investing in market-leading companies to maximize their growth potential while preserving their culture and legacy. Based in Mississauga, Backerhaus Veit…
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