REGINA, Feb. 28, 2019 /CNW/ - Viterra USA LLC ("Viterra") is pleased to announce that it has signed a purchase agreement to acquire General Mills' 50 per cent ownership stake in a grain facility located at Northgate, North Dakota. Previously, Viterra held a 50 per cent stake through a joint venture agreement with General Mills. The transaction has received all necessary approvals and closed today.
"We're pleased to take on full ownership of this facility, and to continue building our presence in the US," said Kyle Jeworski, Viterra's President and CEO for North America. "We're looking forward to continuing to work closely with local customers to provide them with superior service, including access to global markets, the expertise of our staff, flexible contracting options, and a wide variety of online tools that are available exclusively to Viterra customers across our asset network."
In addition to this facility Viterra's presence in North Dakota includes special crops facilities in Ray and Minot, and a grain elevator at Grand Forks.
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.
SOURCE Viterra Inc.
For further information: Peter Flengeris, Viterra Inc., (306) 569-4810, [email protected]