Richardson expands in grain as Canada reform looms

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Richardson International, regarded by some as Canada's answer to Cargill, has unveiled a second expansion in grain terminals in two months, as handlers jockey for position ahead of the market's deregulation.
Richardson - Canada's largest privately-held agribusiness, if a far smaller enterprise than Cargill, which holds the same position in the US - purchased Great Northern Grain's handling site in Alberta's Peace River region, the fourth acquisition in the area in two years.
The deal will add 17,300 tonnes of storage capacity to the Richardson network, already the country's second largest, with the group unveiling plans to add a further 14,000 tonnes to the site.
The purchase also includes wheat and canola cleaning facilities, an 8,400-square-foot warehouse for storing seed and agrichemicals.
And it comes amid preparations by crop giants to compete for share of barley, durum and wheat markets, after the Canadian Wheat Board is in August stripped of its marketing monopoly in Western Canada over the grains.
'Key production area'
"The Nampa facility will now give us a presence in both the eastern and western parts of the [Peace River] region? a key production area in Western Canada," Darwin Sobkow, vice-president of Richardson agribusiness operations, said.


Read more at http://www.agrimoney.com/news/richardson-expands-in-grain-as-canada-reform-looms--4085.html
 
 
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