Richardson International is involved in Glencore’s deal to buy Viterra.
President of Richardson International Curt Vossen said they see the employees involved as a key part of the deal, “We would be offering employment with Richardson to all affected employees in theses assests. Both country elevators, crop inputs, terminal and processing, and particularly with the processing being a unique entity all of the marketing and support activities relevant to those businesses will be included in our offer.”
Vossen adds they will spend over 900 million dollars to acquire a number of Viterra assets, “Nineteen grain elevators across Western Canada, 13 crop input locations that are situated on the sites of those nineteen elevators. We're also acquiring a terminal elevator of the three that Viterra presently owns and operates in Thunder bay Ontario, we're buying a 25 percent share holding in the largest terminal Viterra has in Vancouver Harbour which is Cascade Terminal.”
Richardson will also buy Can Oat Milling and Viterra’s Century Grain Processing operation in the US.
Fri, Apr 26, 10:00 AM
Agriculture, Transport
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