Thursday, March 22, 2018

Cargill selling many Ontario assets

La Coop Federee of Quebec is buying Cargill’s grain-handling and crop input assets in Ontario.

The deal includes Cargill’s share in South West Ag Partners, Cargill’s wholly-owned grain-handling facilities at Melbourne, Princeton, Shetland, Staples and Talbotville and its wholly-owned retail sites at Alliston, Clinton, Courtland, Harriston, Harrow, Melbourne, Mount Albert, Princeton, Shetland, Talbotville, Tilbury and Waterford.

Also included are Cargill’s interest in the South West Ag Partners grain-handling sites at Becher, Grande Pointe, Rutherford, Tupperville and Wallaceburg, plus a share in South West-owned Palmerston Grain and in “all grain satellite relationships.”

That stake also includes an interest in South West’s crop input retail businesses at Becher, Dover, Eberts, Ridgetown and Rutherford.

South West, based in Chatham, also processes and packages food-grade soybeans for export. It is the result of a merger of Kent County Fertilizers and St. Clair Agri Services in 2001.

Cargill was part owner of St. Clair Agri Services.

The deal with La Coop will not include Cargill’s export terminal in Sarnia, its AgResource crop inputs wholesale business or any other Cargill businesses in Ontario or elsewhere in Canada.

One of those major Ontario assets is Better Beef slaughter and beef-processing plants at Guelph.