Fairfax Financial to invest $190 mln in AGT Food and Ingredients

Canadian financial holding company Fairfax Financial Holdings has agreed to invest $190 million in AGT Food and Ingredients Inc (TSX: AGT), a Regina, Saskatchewan-based processor of pulses, staple foods and ingredients for export and domestic markets. The investment will made in preferred securities and common share purchase warrants, giving Fairfax the right to nominate up to two board members. AGT, which also supplies retail packaged and canned foods, will use the funds raised to repay debt, invest in growth initiatives, and for other priorities. Founded in 2007, the company is led by President and CEO Murad Al-Katib.

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