News last update:6 Aug 2012

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 handling/crop input)
- Kindersley, SK (grain handling/crop input)
- Congress, SK (grain handling/crop input)
- Vermilion, AB (grain handling)
- Camrose, AB (grain handling/crop input)
- Blackie, AB (grain handling)
- 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).

Serving more farmers
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 export customers.

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