Acquisition to bolster Viterra's canola capabilities
July 14, 2009
by Jeff Gelski
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.here to search that archive.
This article can also be found in the digital edition of Milling and Baking News, July 14, 2009, starting on Page 40. Click