Viterra Enters into Asset Purchase Agreement to Acquire the Assets of Ilta Grain’s Belle Plaine Facility

Regina, Saskatchewan

 

Viterra Enters into Asset Purchase Agreement to Acquire the Assets of Ilta Grain’s Belle Plaine Facility

 

Viterra is pleased to announce that is has signed a purchase agreement to acquire the assets of Ilta Grain Inc.’s processing facility in Belle Plaine, SK.  The purchase agreement is subject to customary closing conditions, including court approval at a hearing scheduled for August 23, 2019.  If these conditions are met, the transaction is expected to close on August 27, 2019.

 

“We are pleased to be working towards integrating this high quality facility into our industry leading grain asset network,” said Kyle Jeworski, Viterra’s President and CEO for North America. “We firmly believe that our operational and logistical expertise, combined with our focus on superior service and unrivalled market insight, will allow us to bring this facility to its full potential for the benefit of our customers.”

 

The facility can handle a wide range of pulses and other commodities, and provides added value through precision cleaning and conveyor equipment to prepare and ship crops for export.  It has multiple logistics capabilities including container, bagged, intermodal, truck and bulk rail shipments.   Completed in the fall of 2017, it has a storage capacity of 22,000 metric tonnes, along with a 135 railcar loop track.

 

Employees at the facility will be offered the opportunity to join Viterra’s team.