Viterra Completes Acquisition of TRT-ETGO - Viterra Completes Acquisition of TRT-ETGO - Canada
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REGINA, SASKATCHEWAN--(Marketwired - Nov. 2, 2015) - 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.
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 realize the full potential of their crops. For more information on Viterra in North America, please visit www.viterra.com. Viterra is part of the Agricultural Business Segment of Glencore.