Scoular Affirms Canadian Strategy
OMAHA, NE, Feb. 13, 2014 /CNW/ - The Scoular Company has learned that Ceres Global Ag Corp. intends to use its subsidiary, Riverland Ag, to design and develop a grain elevator at the logistics hub being developed by Ceres in Northgate, Saskatchewan. The information was first communicated to Scoular at the end of January, and Scoular has vigorously objected to this unilateral action. Termination of Scoular's relationship to the Northgate project and with Ceres remains under discussion, the details of which are not being released.
"This decision is disappointing to Scoular and, more importantly, is a setback for customers at Northgate who will be deprived of access to our long-established international shipping networks serving end-use customers," said Bob Ludington, Chief Operating Officer of Scoular. "However, Northgate was a prong in Scoular's much larger strategy to add value for producers and efficiency for end-users through an extensive transportation and logistics network supported by best-in-class grain merchants. Scoular will continue aggressively to pursue that strategy in Canada and elsewhere."
A 120-year old company with more than $6 billion in sales, The Scoular Company operates 90 independent business units that provide diverse supply chain solutions for end-users and suppliers of grain, feed ingredients, and food ingredients around the globe. From more than 70 offices and facilities in North and South America, our 700+ employees are engaged in the business of buying, selling, storing and handling grain and ingredients as well as managing transportation and logistics. www.scoular.com
SOURCE The Scoular Company
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