Viterra is pleased to announce that it has entered into a supply and marketing agreement with Pacific Coast Canola LLC ("PCC") which will see PCC crush canola for Viterra at PCC's plant located at Warden, Washington.
In addition, an affiliate of Viterra, Glencore Grain Investment LLC, has increased its ownership in PCC to 50% for no cash consideration, and concurrently entered into an amended and restated Limited Liability Operating Agreement with McKinstry Holdings, Inc., who has acquired the remaining 50% ownership in PCC.
"This is a great opportunity for our company, allowing us to expand our processing capacity, build on the success we've achieved at our crush plant in Ste. Agathe, Manitoba and complement our recent acquisition of TRT-ETGO in Becancour, Quebec" said Kyle Jeworski, Viterra's President and CEO for North America. "We look forward to helping PCC achieve its full potential, through delivery of consistent seed supply, expansion of our existing relationships with thousands of canola producers to include local PCC market producers, our focus on continuous improvement, and connections with domestic and international end users."
Source : Viterra