REGINA, SASK. — Viterra USA has signed a purchase agreement to acquire General Mills' 50% ownership stake in a grain facility located at Northgate, N.D. Previously, Viterra held a 50% stake through a joint venture agreement with General Mills. The transaction has received all necessary approvals and closed on Feb. 28.
“We’re pleased to take on full ownership of this facility, and to continue building our presence in the U.S.,” said Kyle Jeworski, Viterra’s president and chief executive officer for North America. “We’re looking forward to continuing to work closely with local customers to provide them with superior service, including access to global markets, the expertise of our staff, flexible contracting options, and a wide variety of online tools that are available exclusively to Viterra customers across our asset network.”
In addition to this facility, Viterra’s presence in North Dakota includes special crops facilities in Ray and Minot, and a grain elevator at Grand Forks.
According to Sosland Publishing Company’s 2019 Grain & Milling Annual, Viterra has 84 grain storage facilities and a total licensed grain storage capacity of 118.1 million tonnes. Its storage capacity ranks 12th among North American grain companies.