M&As this week: Bay State Milling, Nagatanien Holdings, Rogers Sugar


Bay State Milling Company has acquired a stake in Canada-based MGM Seed & Grain, which operates a gluten-free oat processing facility.

The acquirer is a US-based producer of flour and plant-based ingredients.

Nagatanien Holdings has reached an agreement with FUJIWARA SEIMEN to acquire a 100% stake in the latter through the exchange of 1.08 shares for each FUJIWARA share.

The acquirer produces and distributes pre-mixed and instant food, whereas the target company manufactures and distributes noodles.

"Rogers has entered an agreement with TD Securities and BMO Capital Markets to raise approximately C$110m ($85.40m)."

Both companies involved in the transaction are based in Japan.

Rogers Sugar has signed a share purchase agreement with Champlain Financial to acquire L.B. Maple Treat Corporation for C$160.3m ($124.46m).

Rogers has entered an agreement with TD Securities and BMO Capital Markets to raise approximately C$110m ($85.40m) through the issue of subscription receipts and extendible convertible unsecured subordinated debentures on a bought deal basis to finance the transaction.

It has also reached an agreement with banks to raise a revolving facility from C$75m ($58.23m) to C$275m ($213.51m).

All the entities involved in the transaction are based in Canada.

The consortium of Pesquera Iquique-Guanaye, Empresa Pesquera Eperva, and AntarChile has acquired a 23% stake in fishmeal and fish oil manufacturing company Corpesca from Sociedad Pesquera Coloso for approximately $69.4m.

The consortium comprises subsidiaries of energy and forestry company Empresas Copec, which will gain ownership of Corpesca following the transaction.

All the companies involved in the transaction are based in Chile.