GL Southgate Farms to acquire Cargill grain elevator
September 01, 2009
by Bakingbusiness Staff
UNITY, SASK. — GL Southgate Farms Ltd. has agreed to acquire the Unity grain elevator from Cargill Ltd. As part of the agreement, Cargill will continue to provide grain marketing support and crop inputs products and services to area producers. The transaction is expected to be completed this month.
Cargill said it will continue to source grain from producers in Unity and the surrounding area for delivery to three of its nearby grain facilities in North Battleford, Vermilion, and Kindersley. In addition, Cargill has off-farm grain storage capabilities with Prairie Malt Ltd. in Biggar and Horizon Milling in Saskatoon, Sask.
All the crop input assets at the Unity facility will remain with Cargill, including a crop protection warehouse, a liquid-fertilizer tank farm and a dry-fertilizer blending facility.
"The decision to sell our Unity grain elevator was not easy and is in no way a reflection of the great work provided by our professional staff over the years," said Bert Benoit, group manager for Cargill's Twin Rivers Farm Service Group. "However, through our realigned network, we will continue to provide distinctive grain marketing and crop input services that farmers have grown to value and trust."
Tracy David, Cargill’s facility manager, will continue to manage the crop input business in Unity along with local staff. Sara Yuzak, Cargill’s local farm marketing representative, will continue to support area crop producers’ farm business needs.