Buckingham Corporate Finance has advised the shareholders of A. Poortman (London) Ltd., on its sale to Alliance Grain Traders of Canada. Poortmans is an international importer, distributor and stockist of pulses, with offices in London, the Netherlands and Tianjin, China. The business includes a processing plant for dry edible beans and pulses, located in Tianjin, China, as well as trading and sales offices in Europe. 

The initial consideration is £8.3 million, with a further uplift on audit of completion accounts. AGTI is committing a further CDN $2 million dollars for expansion. 

Buckingham advised the joint 50:50 shareholders of Poortmans, Mr. Andrew Jacobs, the Managing Director and Trinidad Benham Corporation, a leading marketer of dry edible beans, rice and popcorn in the US.