South West Ag Partners Inc. is buying Palmerston Grain for
an undisclosed price.
Palmerston Grain will continue to operate under its name.
South West Ag Partners is based in Chatham and says this deal expands its
territory and risk management offerings.
John McLaughlin, speaking for the family that owns the
business, said he’s confident South West Ag Partners will do a good job of
looking after long-term customers and employees.
The family is retaining C&M Seeds.
McLaughlin rattled a few cages when he launched into the
seed wheat business, introducing hard red spring wheats to Ontario and breaking
the monopoly held by the Canadian Wheat Board.
He developed an identity-preserve system that satisfied
government officials who guard Canada’s quality standards for bread-making
wheats and he pioneered quality-chain-management networks with millers and end
users.
What’s being sold is the grain 2.1-million-bushel elevator on the 5th
Line of Minto Township, the Identity Preserved system and the grain handling
technology.
Palmerston
Grain has about half as big a grain business as South West Ag Partners.
