The deal is done.
Richardson International has officially acquired a number of former Viterra assets from Glencore in a deal worth over 800 million dollars.
In the deal they have acquired ten country elevators in Saskatchewan.
"Some are 100 car loaders, some have crop inputs, some don't, some are 50 car loaders," said Richardson’s President and CEO Curt Vossen. "All of them we are going to take a look at the market place and the needs of the market place and we are going to ask very quickly what investment should be considered if not now in the next few years."
Vossen noted their new Saskatchewan facilities are located at Assiniboia, Carrot River, Davidson, Melville, Langenburg, Maple Creek, Regina East-White City as well as Kindersley and Unity in the West-Central region.
Richardson has also acquired the Viterra terminal at Thunder Bay, increased investment in Cascadia as well as all of Viterra’s milling operation which includes an oat processing plant at Martensville.
Sat, Apr 20, 8:30 AM
