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Viterra acquires assets of Lethbridge Inland Terminal

April 15, 2014

Canadian grain and oilseed handling leader, Viterra Inc, announced on 28 February that it had completed its acquisition of certain assets of Lethbridge Inland Terminal Ltd, including a high-throughput grain elevator with a capacity of 42,000 tonnes.

Canadian grain and oilseed handling leader, Viterra Inc, announced on 28 February that it had completed its acquisition of certain assets of Lethbridge Inland Terminal Ltd, including a high-throughput grain elevator with a capacity of 42,000 tonnes.

The agreement was originally announced on 28 December and has now received all shareholder and regulatory approvals.
Viterra said it was dedicated to operational excellence in western Canada's grain handling system and had made a series of infrastructure investments to promote the efficient movement of agricultural commodities over the last several years.

Most recently, Viterra announced last November that it would invest more than C$34M (US$30M) in its Alberta elevator network through two projects.
The first is the construction of a new high-throughput grain terminal near Grimshaw, Alberta. The concrete facility will be developed with a 104 railcar loading capability and some 30,000 tonnes of storage capacity. Preliminary site work is planned to start in autumn.

The second project involves the expansion of Viterra’s grain terminal in Grassy Lake, Alberta. Storage capacity will increase by 14,000 tonnes to 36,500 tonnes along with operational improvements to increase logistical flexibility and efficiency. Viterra has global operations in grain and oilseeds handling, agri-products and processing.
In March 2012, Switzerland-based Glencore International announced a C$6.1bn deal to acquire Viterra, which received final regulatory approval on 7 December 2013 (see News, OFI March 2013, p3).


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