EGI buys stake in ILTA Grain

06.07.2017

Equity Group Investments (EGI), a private equity firmed founded by Sam Zell nearly 50 years ago, has acquired a stake in ILTA Grain. Based in Surrey, British Columbia, Canada, ILTA processes and distributes pulses and exports them to customers in more than 40 countries. ILTA owns and operates seven processing plants in Western Canada.

“We are attracted to the long-term growth trend of this industry,” Zell said. “ILTA is a high-quality, low-cost leader with advanced facilities and a seasoned leadership team. We look forward to partnering with management and the existing investors to continue to drive growth and value.”

According to EGI, demand for pulses is growing steadily due to population growth in emerging markets and consumer preferences for healthier lifestyles in developed countries. Pulses are non-GMO and gluten-free.

“We welcome EGI as an investment partner,” said Dan Burneski, chief executive officer and president of ILTA. “The firm’s financial support and long history of adding value to its investments will enhance our ability to expand our footprint in a global marketplace with strong demand for our products.”


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