Glencore International and Viterra Inc. have announced the sale of Viterra to Glencore has been completed. The acquisition brings Glencore immediate critical mass in the key grain markets of North America through Viterra’s substantial Canadian operations, the company says in a release. Viterra also materially expands Glencore’s existing operations in Australia.
Fran Malecha, formerly Chief Operating Officer of Viterra, has been appointed Director, Agricultural Products, North America, with responsibility for all North American operations. He will be based in Regina, Sask., which becomes headquarters for Glencore’s North American Agricultural Products business. David Mattiske has been appointed Country Manager, Agricultural Products, Australia and New Zealand, with responsibility for all agricultural operations in Australia and New Zealand.
For the full news release, click here.