South West Ag Partners Set to Buy Palmerston Grain Ltd.

Chatham-based South West Ag Partners Inc., a crop input and grain dealer, has entered into an agreement to buy Palmerston Grain Ltd. of Palmerston, Ontario, according to a press release.

Financial details of the acquisition are not being disclosed at this time, but a press release does say that Palmerston Grain business will continue to operate under the Palmerston Grain name, and, Archie Wilson, general manager of Palmerston Grain, will remain a core part of the Palmerston operation.

Established in 1983 by the McLaughlin family, Palmerston Grain is a buyer and marketer of wheat, corn, soybeans and canola, serving a region that includes mid-western, south-western and eastern Ontario. Palmerston’s asset base includes its elevator facility on the 5th with 2.1 million bushels in storage capacity, Identity Preserved capabilities and state-of-the-art grain handling technology.

C&M Seeds in Palmerston, also owned by the McLaughlin family, is not part of the acquisition and will remain a separate and ongoing business.

Subject to due diligence and customary closing conditions, the acquisition is expected to close during the first week of September, 2014.

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.