Articles

BroadGrain continues expansion with acquisition of Lakeside Global Grains Inc.

<p class="text-heading">September 29, 2011</p><p>Toronto, Ontario / Dafoe, Saskatchewan (September 29, 2011) BroadGrain Commodities Inc. is pleased to announce it has completed the purchase of 100% of the shares of Lakeside Global Grains Inc.</p> <p>Lakeside Global Grains Inc. is a successful Saskatchewan based exporter of lentils, mustards, peas and special crops. It has processing facilities in Dafoe and Zealandia and a sales and logistics office in Winnipeg.</p> <p>&ldquo;This is a significant step forward for BroadGrain in western Canada,&rdquo; said Zaid Qadoumi, President and CEO of BroadGrain Commodities Inc. &ldquo;This investment represents our commitment to enhancing and growing our presence in Western Canada and with western Canadian producers. We are looking forward with enthusiasm to building on the strong reputation for quality and service developed by the Lakeside Global Grains team.&rdquo;</p> <p>&ldquo;We are excited about the opportunities that this transaction brings to Lakeside Global Grains and to our producers and customers&rdquo; adds John Cales, President of Lakeside Global Grains Inc. &ldquo;Lakeside began as a producer-owned company dedicated to providing the best quality product and service. BroadGrain shares in this passion for quality and service and we know the combined organization will continue to grow and build on this reputation.&rdquo;</p> <p>Lakeside Global Grains Inc. is a Saskatchewan based company that has grown and evolved since its establishment in 1995. It is well known as a reputable Canadian supplier of high quality pulses, mustards and special crops, processing and shipping over 75,000 MT of product annually to international markets. Lakeside Global Grains is HACCP and ISO 22000 certified.</p> <p>BroadGrain Commodities Inc. is a privately-owned Canadian corporation focused on both domestic Canadian grain handling and international grain trading with annual revenues exceeding $600 million dollars and annual volume of 1.8 million metric tonnes. BroadGrain is headquartered in Toronto, with offices in Stratford Ontario, Paris France, Kiev Ukraine and Amman Jordan, and domestic trading and elevator operations in Seaforth and Brinston, Ontario.</p> <p><strong>Contact:</strong></p> <p><strong>David Hanna</strong><br />Vice President and CFO<br />BroadGrain Commodities Inc.<br /><a href="tel:4165040070">416-504-0070</a><br /><a href="mailto:Garth.Baxter@BroadGrain.com?subject=BroadGrain%20Website">David.Hanna@BroadGrain.com</a></p>