La Coop fédérée has concluded its acquisition of the grain and crop input assets of Cargill in Ontario — an acquisition slightly delayed after the Competition Bureau ruled against the company’s original proposal.
Earlier this fall, the bureau identified four sites that would have to be sold off by La Coop in order for the sale to go forward. While a buyer has not yet been announced, La Coop’s revamped proposal has been approved by the bureau and the sale is now moving forward, the company says.
The sale includes the assets of 13 grain and agricultural input establishments and 50% of the shares held by Cargill in South West Ag Partners. It means the Agromart Group will add two new dealers and multiple service points to its Ontario crop input network.
The establishments included in the sale are:
Cargill grain at Melbourne; Princeton; Shetland; Staples; and, Talbotville
Cargill agricultural input: Clinton; Courtland; Harriston; Melbourne; Mount Albert; Princeton; Shetland; and, Talbotville.
South West Ag Partners grain: Becher; Grande Pointe; Palmerston Grain; Rutherford; Tupperville; Wallaceburg; and, all satellite grain partnerships
South West Ag Partners agricultural input: Becher; Dover; Eberts; Ridgetown; and, Rutherford
Ag input locations NOT included in this deal, and to be sold to another company at some point to meet the Competition Bureau’s requirements: Alliston; Harrow; Tilbury; and, Waterford.
The sale excludes Cargill’s export terminal at Sarnia and the AgResource agricultural input wholesaler, as well as all other grain and agricultural input assets of Cargill in Canada and all other businesses belonging to Cargill in Ontario and elsewhere in Canada.
The sale conditions have not been disclosed.