Port Colbourne grain elevator sold

London Agricultural Commodities has bought the grain terminal at Port Colbourne from Ceres Global Ag of Minneapolis which bought it in 2010 from Horizon Milling (now Ardent Mills).

Ceres converted it from storage to a grain terminal which London Agricultural Commodities has been leasing.

It paid $5.42 million.

The terminal was built as a Robin Hood flour mill, but closed in 2008.

In January the federal government announced that it and St. Lawrence Seaway Management will spend $45.3 million on three wharf sites at Port Colborne.

Port Colborne is at the end of the Welland Canal between lakes Erie and Ontario. 

The federal government, which put up $22.7 million for that project under the National Trade Corridors Fund, said the project will help relieve “supply chain congestion” in the region.