ADM eager to partner with farmers, customers after acquisition of Prairie Pulse

Date:07-07-2023

ADM (NYSE: ADM), a global leader in agricultural origination and processing and supply chain management, announced the acquisition of Prairie Pulse Inc., owners of a pulse crop cleaning, milling and packaging facility in Vanscoy, Saskatchewan, Canada.

 "Everything at ADM starts with the farmer," said ADM commercial manager Aaron Brown. "Their success is our success, and we're excited to strengthen our relationships with Canadian pulse growers through the acquisition of Prairie Pulse. We'll be reaching out to producers about ADM's unique array of tools and resources to help them manage and grow their businesses – including our access to global markets, our work to create value for sustainable farming practices, and our technology partnerships."

"This addition also expands our capabilities to meet the needs of our downstream customers, who are increasingly looking at pulses as protein sources for both human and animal nutrition products," Brown added. ″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. 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."

Prairie Pulse's operations in Vanscoy – which include origination, 12,000 MT of bulk storage, cleaning, milling, sorting, sizing and bagging – will double ADM's pulse footprint in the region. The pulse dehulling and splitting facility transforms lentils, chickpeas and peas into shelf- and food-ready products for domestic and international consumption.

"This is an exciting opportunity for Prairie Pulse, our staff, and customers," said Prairie Pulse President and CEO Allan Wagner. "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."

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.