Elevate Export Finance is proud to announce the disbursement of a multi-million (USD) loan to Proteinas y Oleicos (the buyer), a Mexican company focused on the production and marketing of edible vegetable oils and fats and inputs for the formulation of balanced foods.
With this loan from Elevate Export Finance, Proteinas y Oleicos will take receipt of a leading technological infrastructure facility provided by AGI Canada (the exporter).
Based in Winnipeg, Canada, AGI is a leading food infrastructure company that supplies advanced, technologically driven logistics in the food supply chain space across five platforms: Seed, Fertilizer, Grain, Feed, and food. In real terms, AGI facilitates the extraction of grains (rice/wheat) from trains or trucks on to a boat for shipping at a seaport; a critical and time sensitive operation requiring efficient and reliable logistical infrastructure. AGI excels in this area of expertise and is consistently introducing new technologies to advance their customer’s supply chain.
Proteinas y Oleicos were keen to diversify that CAPEX and turned to Elevate Finance for an alternative and attractively priced source of funds. For Elevate Finance, this transaction adds to a growing list of achievements in a time of crisis and upheaval and builds on the company’s commitment to enhancing and growing Canadian exports globally.
James Reble, senior account director for Elevate Finance said, “This is an important milestone between AGI, Proteinas y Oleicos and Elevate Finance. It further develops our collective relationship and we look forward to supporting more of these opportunities in the future.”
Elevate Export Finance Corp, an official delivery partner of Export Development Canada (crown corporation). Under Duncan’s leadership, Elevate Export Finance has become a globally recognized provider of ‘buyer financing’ to International Buyers of Canadian Exporters.