Acquisition to bolster Viterra's canola capabilities

by Jeff Gelski
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Viterra, Inc., Calgary, Alta., has bought the assets of Associated Proteins LP (A.P.L.P.), Ste. Agathe, Man., for $64 million plus working capital, Viterra said June 25. A.P.L.P. has canola-crushing capacity of 1,000 tonnes per day and access to North American rail lines.

"This acquisition is an ideal fit for Viterra," said Mayo Schmidt, president and chief executive officer of Calgary-based Viterra. "It bolsters our presence in food processing and complements our position as Canada’s leading canola exporter."

The Ste. Agathe plant is a scalable operation with expansion opportunities.

"Through this transaction, we will be able to further leverage our value chain to meet increased crush demands and supply an expanding healthy vegetable oil market," said Karl Gerrand, senior vice-president of food processing for Viterra.

For more information, visit www.viterra.ca.

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