Viterra has announced plans to purchase ILTA Grain Inc.’s processing facility at Belle Plaine, Sask., by the end of August.
Belle Plaine is one of six locations ILTA Grain has in Saskatchewan. The company recently announced it had entered creditor protection.
“We are pleased to be working towards integrating this high quality facility into our industry leading grain asset network,” says Kyle Jeworski, Viterra’s president and CEO for North America.
The purchase agreement is still subject to various stipulations, including court approval at a hearing scheduled for August 23, 2019. Staff at he facility will be offered the option to join the Viterra team.
“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 building is approximately two years old, and has storage capacity of 22,000 metric tonnes, along with a 135 railcar loop track. It can handle a wide range of pulses and other commodities, the company says, and the location is equipped to handle precision cleaning ahead of export.
The transaction is expected to close on August 27, 2019.
Related
- Canadian Grain Commission creates special account for unpaid ILTA Grain customers
- Canadian Grain Commission suspends ILTA Grain licence after company enters creditor protection
