Viterra is pleased to announce that it has completed its
acquisition of Twin Rivers Technologies Entreprises De Transformation De
Graines Oléagineuses Du Québec Inc (TRT-ETGO) through a share purchase
agreement. The agreement was originally announced in a news release on August
27, and has received all pertinent shareholder and regulatory approvals. The
acquisition includes a canola and soybean crushing and refining plant located
in Bécancour, Quebec.
"We're pleased to integrate this quality asset into our overall business, and to welcome new employees to Viterra's team," said Kyle Jeworski, Viterra's President and CEO for North America.
"We look forward to connecting our farm customers with additional marketing opportunities for their canola and soybeans, and in working with our end users to provide high quality oil and meal products."
With a crushing capacity of 1.05 million metric tonnes per year, TRT-ETGO is the largest oilseed processing plant in Eastern Canada. The plant began operations in 2010 and produces vegetable oil for food and industrial markets, as well as meal for the livestock industry. The plant is ideally located on the St. Lawrence Seaway, and is in close proximity to Viterra's trading office and port facility in Montreal.
About Viterra
Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back over 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realise the full potential of their crops. Viterra is part of the Agricultural Business Segment of Glencore.
Read more HERE.
"We're pleased to integrate this quality asset into our overall business, and to welcome new employees to Viterra's team," said Kyle Jeworski, Viterra's President and CEO for North America.
"We look forward to connecting our farm customers with additional marketing opportunities for their canola and soybeans, and in working with our end users to provide high quality oil and meal products."
With a crushing capacity of 1.05 million metric tonnes per year, TRT-ETGO is the largest oilseed processing plant in Eastern Canada. The plant began operations in 2010 and produces vegetable oil for food and industrial markets, as well as meal for the livestock industry. The plant is ideally located on the St. Lawrence Seaway, and is in close proximity to Viterra's trading office and port facility in Montreal.
 |
| Bécancour, Quebec (Image: Gilles Douaire) |
Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back over 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realise the full potential of their crops. Viterra is part of the Agricultural Business Segment of Glencore.
Read more HERE.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
which is published by Perendale Publishers Limited.
For additional daily news from milling around the world: global-milling.com
No comments:
Post a Comment