Cargill to buy Canadian grain facilities
Cargill Limited has entered into a definitive purchase and sale agreement
with Saskatchewan Wheat Pool Inc. to purchase high throughput elevators and one
export grain terminal in Vancouver.
SWP would sell Cargill a total of nine 'country assets' across the prairies -
a combination of elevator/crop input centres:
- Davidson, SK (grain
- Kindersley, SK (grain handling/crop input)
Congress, SK (grain handling/crop input)
- Vermilion, AB (grain
- Camrose, AB (grain handling/crop input)
- Blackie, AB (grain
- Viking, AB (grain handling)
- Equity, AB (grain handling)
Elva, MB (grain handling/crop input)
In addition, SWP would sell its 100%
owned terminal located on the North Shore of the port of Vancouver to Cargill;
and Cargill would sell its 50% interest in the Vancouver Cascadia Terminal to
SWP (with some considerations).
Len Penner, President of Cargill Limited, said that the
selection of these high throughput facilities ensures growers would continue to
have access to local service and programs. "We look forward to serving more
farmers by providing our professional grain marketing support and crop
production consulting services proven in delivering customer success." With
respect to the Vancouver terminal opportunities, Penner concluded that Cargill
would have greater flexibility to manage its grain pipeline to Canada's valued
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