Despite pulling out of the rice industry, the Alesie Rice Group’s remaining mills will continue their operations, and the company announced on Friday that it had reached a purchase agreement with Golden Grains Investment.
According to a joint press release from the Alesie Rice Group and Golden Grains Investment, they have reached an agreement which will allow Golden Grains Investment to acquire all of the former’s assets in Ruimzigt, Vreed-en-Hoop, Wakenaam and Corriverton.
“The deal was unanimously approved by the Alesie Board that considers the proposed transaction to be in line with the interests of the company, its shareholders and its employees,” the statement said.
