Portlani supports farmers and agricultural merchants to store higher crop volumes and reduce post-harvest losses

Portlani

Exxe Group has acquired European agricultural processing firm Portlani

Diversified company Exxe Group has acquired European agricultural processing and industrial warehousing company Portlani Processing.

Portlani has expertise in the processing, testing and storing of agricultural products, including various grains and hemp.

Exxe has acquired Portlani through a combination of private equity funding, assumption of debt and privately structured capital investments.

Portlani is an agricultural processing company with extensive logistics facilities

The acquisition of controlling stake in Portlani represents a total of around $11m in assets. Exxe will include Portlani in its agribusiness division.

The acquisition of Portlani will allow Exxe to expand its global footprint in the multi-billion-dollar agribusiness marketplace.

Portlani helps farmers and agricultural merchants to store higher crop volumes and decrease post-harvest losses caused by inadequate storage and outdated laboratory technology.

The company has an extensive logistics network, including newly-constructed climate-controlled warehouses and loading/off-loading stations that can accommodate over 60,000 tonnes of bulk grains per month.

Portlani has direct rail lines linked to warehouses that can accommodate more than 6,500 tons of bulk grains per day.

Portlani’s range of services and revenue are believed to be expanded with the installation of an advanced soy and sunflower seeds oil extraction plant.

The new plant, which will have an annual capacity of 40,000 tonnes, features a seed pre-treatment, automated soy and sunflower seed oil pressing process, and oil refinery units.

Exxe’s other recent acquisitions include Onyx physical commodities trading company and Dioni agri-transportation company.

In September this year, Exxe Group acquired a controlling stake in Onyx Physical Commodities Trading Group for $12m.

Exxe Group CEO Dr Eduard Nazmiev said: “We are most excited about the PORTLANI acquisition, and especially the leverage and reach it will bring our Agribusiness segment once we heighten the existing capabilities through next-generation technologies.

“With a core offering that seeks to increase valuations through higher quality, efficiency price tags will ultimately bring higher recurring revenue streams for the company.”