GFM Network News


Churchill shipping resumes but grain still on back burner

MarketsFarm — The first cargo ship in two years left the northern Manitoba port of Churchill on Wednesday, moving supplies to communities in Nunavut. Rehabilitation efforts at North America’s only deep-water Arctic port are still underway, but there are expectations business through the facility will eventually include grain as well. OmniTrax, the previous owner of […] Read more

AGT privatization gets shareholders’ approval

The privatization of Canadian pulse processor AGT Food and Ingredients is set to move another step forward as company officials take their plan to Ontario’s Superior Court on Monday. The Feb. 11 court date in Toronto comes after AGT shareholders voted Tuesday at a special shareholders’ meeting in favour of privatization, according to a company […] Read more


U.S. firm partners with James Cameron’s Prairie pulse processor

CNS Canada — Saskatchewan pulse processing company Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand operations. The organic pea protein fractionation facility at Vanscoy, about 20 km southwest of Saskatoon, has been running since last year and the new agreement will see it expand operations to include more […] Read more

AGT’s privatization to proceed

CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more


AGT sees ‘further port access’ in Hudson Bay deal

The grain industry player in a deal to restore and restart the Hudson Bay Railway and Port of Churchill has factored the port’s access to Arctic tidewater into its business plan. Regina-based pulse processor AGT Food and Ingredients is one of the members of the Arctic Gateway Group, which on Friday confirmed a deal to […] Read more

Hudson Bay rail line repairs to start ‘immediately’

Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more


AGT managers seek to take company private

CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more

Proposed deal ‘fallen apart’ for Hudson Bay Railway

An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale […] Read more


Deal in principle announced for Churchill railway, port

The federal government has announced an “agreement in principle” which will see a new partnership fix up northern Manitoba’s washed-out Hudson Bay Railway and take over the mothballed Port of Churchill. Details of the agreement were slim at best in the government’s announcement Wednesday, except to say the buying group slated to take over the […] Read more