Alliance Grain Traders Buys Québec Food Firm

By Amanda Brodhagen, Farms.com

Alliance Grain Traders Inc. (AGT), one of the world’s largest processors of pulses, said that it has agreed to acquire Québec-based CLIC International Inc., an ethnic and traditional food packer.

AGT said that the acquisition includes inventory, retail packaging and canning equipment, CLIC and retail brands, retail and food service listings and customer contracts. The CLIC management staff will also remain with AGT.

"The acquisition of CLIC bolsters our Ingredient and Packaged Foods business segment, with small packaging and canning lines to distribute a broad line of pulses and ethnic foods to the North American and global retail and food service sectors,” said Murad Al-Katib, President and Chief Executive Officer of AGT.

Al-Katib said the transaction will further AGT’s objective to transition from a commodity exporter to a food company. The terms of the deal were not disclosed.
 

Video: U.S. Trade War Returns, But New Tax Bill Sparks 2026 Optimism

Trump is threatening 50% tariffs on EU goods and 25% on non-U.S.-made iPhones by June 1. A stronger-than-expected U.S. tax bill could add 0.5% to GDP by 2026. Funds took profits in ag, rode a 20% rally in stocks, and are now rotating back into commodities. Wet U.S. weather holds through June 7, but hot/dry conditions may return to the Western Corn Belt later in June—raising weather scare concerns. AAFC forecasts 609,000 tonnes of canola feed, waste, and dockage. OPEC+ hints at more oil output, cattle on feed report was bullish, bitcoin hits new highs, and milk prices are up 20% in two months.