Foam Lake, Sask.-North East Terminal Ltd. (NET) has announced that it is acquiring the crop inputs facility of Tri-Way Fertilizers Ltd. in Foam Lake, Sask. The Foam Lake facilities, located about 90 km northwest of Yorkton, include a chemical warehouse, two anhydrous ammonia tanks, rolling stock and fertilizer application equipment, and a 1,100-ton dry fertilizer storage shed. No terms were announced, but North East said the transaction closed on Dec. 16. “The Foam Lake asset represents a good fit, given North East Terminal’s footprint in this region,” said Garnet Ferguson, general manager for NET, a crop inputs and grain elevator business with facilities in Kelvington, Ponass Lake, and Wadena, Sask. “This acquisition will enhance our offerings to area producers, and we will work diligently to provide as seamless a transition as possible in meeting their crop input needs.” Founded in 1991, NET is a widely held, producer-owned grain terminal, with its head office located in Wadena, Sask. Formed in 1998, Tri-Way Fertilizers is a joint venture between several producer-stakeholders and Cargill Ltd., with facilities in Abernethy, Balcarres, and Leross, Sask. NET operates an inland grain terminal and sells fertilizer, chemicals, and seed at Wadena, about 50 km northwest of Foam Lake. It also already sells fertilizer, chemicals, and seed at country operations at Kelvington, about 40 km northeast of Wadena, and at nearby Ponass Lake.
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