Viterra Enters Supply and Marketing Agreement with Pacific Coast Canola - Viterra Enters Supply and Marketing Agreement with Pacific Coast Canola - Canada
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REGINA, SASKATCHEWAN--(Marketwired - Jan. 5, 2016) - Viterra is pleased to announce that it has entered into a supply and marketing agreement with Pacific Coast Canola LLC ("PCC") which will see PCC crush canola for Viterra at PCC's plant located at Warden, Washington.
In addition, an affiliate of Viterra, Glencore Grain Investment LLC, has increased its ownership in PCC to 50% for no cash consideration, and concurrently entered into an amended and restated Limited Liability Operating Agreement with McKinstry Holdings, Inc., who has acquired the remaining 50% ownership in PCC.
"This is a great opportunity for our company, allowing us to expand our processing capacity, build on the success we've achieved at our crush plant in Ste. Agathe, Manitoba and complement our recent acquisition of TRT-ETGO in Becancour, Quebec" said Kyle Jeworski, Viterra's President and CEO for North America. "We look forward to helping PCC achieve its full potential, through delivery of consistent seed supply, expansion of our existing relationships with thousands of canola producers to include local PCC market producers, our focus on continuous improvement, and connections with domestic and international end users."
PCC's facility, opened in 2013 and is the largest expeller-press canola processing facility in North America with the capacity to crush 1,100 metric tonnes per day. It produces a variety of healthy canola oils, including Halal and Kosher certified, to meet demand from leading food manufacturers and distributors, and also produces meal products that are sold into the dairy cattle and other livestock markets.
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.