Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson international of Winnipeg.
No terms of the deal have been released.
Wesson-branded retail cooking oils, available in the U.S. for more than 100 years, include canola, corn oil and soy oil and a blend of all three called Best Blend.
Conagra bought it in 1990 from Beatrice Co. as part of a larger deal.
Richardson sells the Canola Harvest oil and Crystal and Mirage margarine brands.
It has a packaging plant at Oakville and canola crushing plants at Lethbridge, Alta. and Yorkton, Sask.
It is a major grain-handling company which has a terminal in Hamilton Harbour.