January 6, 2016
Viterra in supply and marketing agreement with Pacific Coast Canola
Viterra had announced a supply and marketing agreement with Pacific Coast Canola LLC ("PCC") which involves the crushing of canola for Viterra at PCC''s plant in Warden, Washington, US, Marketwired reported.
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., which had 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."
Opened in 2013, PCC''s Washington facility is the largest expeller-press canola processing facility in North America with the capacity to crush 1,100 tonnes per day.
The site produces a variety of canola oils - including non-GMO, Halal and Kosher certified products - to meet demand from leading food manufacturers and distributors, as well as creating meal products that are sold to the dairy cattle sector and other livestock markets.