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Viterra enters into asset purchase agreement with gardiner dam terminal

13 December 20182 min reading

Viterra Inc., Canada’s grain industry leader, announced that it has entered into an asset purchase agreement with Gardiner Dam Terminal Ltd. (GDT) to purchase its 50% interest in the grain handling facility at Strongfield, SK. Viterra currently holds the other 50% ownership interest, and to date, has been operating the facility with GDT under a joint venture agreement.“We are pleased to be working towards full ownership of the grain handling facility at Strongfield and look forward to integrating it into our world class network of assets,” said Kyle Jeworski, Viterra’s President and CEO for North America. “Through our agreement with GDT we have been proudly serving local customers for the last several years, and we look forward to building on these relationships by continuing to provide a high level of service and connecting them to global markets.” A separate asset purchase agreement has been reached with GDT AgServices that will see Riverbend Co-operative Ltd. take ownership of the crop input locations at Broderick, Strongfield and Tullis, SK, with employees of those facilities being offered the opportunity to join the Riverbend Co-operative team allowing continuity for customers. Headquartered in Regina, Saskatchewan, Viterra is part of Glencore Agriculture, a global market leader in originating, handling, processing and marketing agricultural commodities.

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