World Grain - March 2012 - 12

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Viterra increases facility’s storage capacity
REGINA, SASKATCHEWAN, CANADA — Viterra Inc. said on Feb. 22 that it plans to expand its Fairlight, Saskatchewan, Canada, grain elevator, increasing the facility to 100 rail car spotting capability with greater storage capacity. “Viterra’s investment in this facility will ensure more efﬁcient movement of grains and oilseeds for our customers. This investment demonstrates our commitment to provide quality service to both farmers and destination customers. As we continue to expand capacity and increase efﬁciency, we provide additional value to our customers,” said Bob Miller, Viterra’s senior vice-president of grain, North America. Andy Gonta, vice-president CN Bulk Sales & Marketing, said CN was pleased to work with Viterra on this expansion project. “Viterra’s expansion of its Fairlight facility, coupled with the strength of CN’s Scheduled Grain Service Plan, will enhance our joint ability to meet the shipping and handling needs of Southeastern Saskatchewan grain farmers,” he said.

Viterra exiting North American feed business
CALGARY, ALBERTA, CANADA — Viterra Inc. announced on Feb. 15 that it has entered into an agreement to sell its North American livestock feed operations to Hi-Pro Feeds LP (Hi-Pro). Hi-Pro is a newly formed entity owned by the existing management team of the livestock feed business and Birch Hill Equity Partners. The agreement includes all of Viterra’s North American feed assets. These assets include six feed mills and one pre-mix manufacturing facility in Canada, and six feed mills and a commodity blending site in the U.S. Viterra said its decision to divest its North American feed business is based on a strategic review process and does not include or affect its New Zealand feed assets. “The processing segment is important to Viterra’s vertically integrated business model as it allows us to generate additional margin on the core commodities we handle and provides diversiﬁcation to our earnings,” said Mayo Schmidt, president and chief executive ofﬁcer (CEO) of Viterra. “The company will continue to look for opportunities to grow its processing portfolio in industries where it can achieve scale and inﬂuence, and this divestment will allow us to focus our capital on areas of greatest strategic impact. We are pleased that Hi-Pro intends to maintain continuity for the staff and customers of the livestock feed business going forward.” Daren Kennett, CEO of Hi-Pro, said, “I look forward to continuing to provide our customers with the same high level of services and quality products through the existing team of knowledgeable staff, and I am excited about the partnership with Birch Hill.”

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World Grain - March 2012

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