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Golden Grains Investment acquires Alesie Group’s assets as company exits rice industry

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Golden Grains Investment and Alesie Rice Group announced today (April 07, 2017) that they have reached a purchase agreement that allows Golden Grain Investments to acquire all of the Alesie Group’s assets in Ruimzeight, Vreed-en-Hoop, Wakenaam and Corriverton.

The deal was unanimously approved by the Alesie’s Board that considers the proposed transaction to be in line with the interests of the company, its shareholders and its employees.

According to the CEO of Golden Grains, the acquisition of Alesie will allow Golden Grains Investment to become a major player in the rice industry in Guyana and around the world while helping to expand and fulfil its vision and commitment to quality. “The

Dr.Turhane Doerga, Chairman of Alesie’s Board

Dr.Turhane Doerga, Chairman of Alesie’s Board, said “We are delighted with this rapprochement, which allows us to meet our commitments to our farmers and partners in Guyana. Alesie has enjoyed 25 years of success in Guyana and we look forward to continuing our journey under this acquisition agreement.”

The Board of Alesie has appointed NexGen Global Marketing Services, as its authorised agent to handle the transition and ensure that all outstanding liabilities of the Group to farmers and other creditors are fully satisfied in a timely basis.

According to NexGen Global Marketing Services, Golden Grains Investment has been established in Dubai, UAE since 2004 and is a leading importer/exporter of grain, food and non-food products for the food service industry. It added that the company is a leading distributor for major food lines from countries worldwide, with more than 450 major clients ranging from top hospitality and supermarket chains.

As a leading rice miller and distribution company, Alesie was for 25 years dedicated to providing solutions that enhance the safety, quality and convenience of products we use every day. In partnership with some of the most respected brands in the world, Alesie develops and distributes food products to millions of families around the world.

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