REGINA, SASKATCHEWAN, CANADA — Viterra Inc. completed its asset purchase agreement with Gardiner Dam Terminal Ltd. (GDT) to purchase its 50% interest in the grain handling facility at Strongfield, Saskatchewan, Canada. As a result of this transaction, Viterra has assumed full ownership of the facility.
“We’re excited to be strengthening our presence in central Saskatchewan, and look forward to providing local customers with the high level of service they expect from a grain industry leader like Viterra,” said Kyle Jeworski, Viterra’s president and chief executive officer for North America. “We’re dedicated to driving operational excellence throughout our asset network, and plan on making the necessary investments at this location to ensure that it operates smoothly and efficiently today and well into the future.”
Through a separate asset purchase agreement Viterra reached with GDT AgServices, Riverbend Co-operative Ltd. has assumed ownership of the crop input locations at Broderick, Strongfield and Tullis, Saskatchewan.
The transactions were approved at a special meeting of shareholders held on Dec. 13.