Hey there, time traveller!
This article was published 1/5/2013 (2584 days ago), so information in it may no longer be current.
Winnipeg-based Richardson International Limited has finally closed on its acquisition of 19 country elevators and 13 crop input centres formerly owned and operated by Viterra.
The $800 million-plus deal was originally announced more than a year ago in conjunction with Glencore International’s purchase of Viterra Inc.
The new facilities will be added to Richardson Pioneer’s network of grain handling and crop input facilities across Western Canada.
"This is an important milestone in our company history and it is especially significant as we celebrate the 100th anniversary of Richardson Pioneer in 2013," says Curt Vossen, president and CEO of Richardson International.
Richardson also acquired a Viterra terminal in Thunder Bay and Viterra’s milling business including oat processing plants in Portage la Prairie, Manitoba, Martensville, Saskatchewan and Barrhead, Alberta, an oat processing plant in South Sioux City, Nebraska and a wheat mill in Dawn, Texas.
The transfer of other assets acquired by Richardson in the Viterra/Glencore purchase agreement will be finalized in the near future.
Martin Cash has been writing a column and business news at the Free Press since 1989. Over those years he’s written through a number of business cycles and the rise and fall (and rise) in fortunes of many local businesses.
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