Viterra Completes Asset Purchase Agreement with Gardiner Dam Terminal Ltd. - Viterra Completes Asset Purchase Agreement with Gardiner Dam Terminal Ltd. - Canada
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FOR IMMEDIATE RELEASE
December 19, 2018
Viterra Completes Asset Purchase Agreement with Gardiner Dam Terminal Ltd.
REGINA, SK – Viterra Inc. (“Viterra”) is pleased to announce that it has completed its asset purchase agreement with Gardiner Dam Terminal Ltd. (GDT) to purchase its 50% interest in the grain handling facility at Strongfield, SK. As a result of this transaction, Viterra has assumed full ownership of the facility.
“We’re excited to be strengthening our presence in central Saskatchewan, and look forward to providing local customers with the high level of service they expect from a grain industry leader like Viterra,” said Kyle Jeworski, Viterra’s President and CEO for North America. “We’re dedicated to driving operational excellence throughout our asset network, and plan on making the necessary investments at this location to ensure that it operates smoothly and efficiently today and well into the future.”
Through a separate asset purchase agreement Viterra reached with GDT AgServices, Riverbend Co-operative Ltd. has assumed ownership of the crop input locations at Broderick, Strongfield and Tullis, SK.
The transactions were approved at a special meeting of shareholders held on December 13, 2018.
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 Glencore Agriculture, a global market leader in originating, handling, processing and marketing agricultural commodities.
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