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.
Image with caption: "The Scoular Company (CNW Group/The Scoular Company)". Image available at: http://photos.newswire.ca/images/download/20140213_C4175_PHOTO_EN_36742.jpg
SOURCE: The Scoular Company
For further information:
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