Alliance Grain Aquires Finora

[grainboy]

Saskcan doesnt do many Beans: buys Parent, Saskcan doesnt do many Peas or Mustard buys Finora, can't do PL480 tenders buy ND Plants remember the days when Walkers seemed like a big company? now a company with three plants seems small. ALLIANCE is huge. I just hope we dont lose to many more & lose the price competition.

[gustgd]

check out # 11
http://leaderpost.specialsections.shoplocal.com/canwest/ss/index.aspx?webstoryid=15067356&area=SS&type=page&A dgroupID=131242&Locations=reginaleaderpost


some pretty distinguished company
Davidson boy makes good, so ya call me a homer

[tipsy]

For 9m I kind-of surprised a group of producers and/or others didn't come forward and buy.On the surface seems like a resonable purchase to me!

[dave4441]

9 million dollars, producers, processing plant. Reminds me of Y2K.

All kidding aside, for the number of facilities and compared to previous sales, it isn't too bad of a price. Can not build it for that. Then again, it was only a couple years ago that 10 Million dollar assets in the special crop industry could be bought for 10 cents on the dollar. Buying the assets is only the start. Apparently guys on the prairie are a little tighter then guys in Toronto. Good to see capital coming into special crop industry.

[LWeber]

Finora - est. 1990
Finora to ADM - 10 mil - date?
ADM to Noble - 4 mil - 2003
Noble to AGT - 8.9 mil - 2009

[parsley]

Did anyone go to the circus and watch the 'hiding the beans' under the cup trick, whilst dazzling your eye, LOL
Pars