Cargill Sells Ontario Retail Assets to La Coop fédérée
Cargill, Wayzata, Minn., reports that it has reached an agreement on the sale of Cargill’s grain and crop inputs retail assets in Ontario, including its ownership in South West Ag Partners, to La Coop fédérée, Montreal, an agri-food cooperative with operations across Canada.
The sale comprises 13 grain assets and crop inputs retail assets, and Cargill’s 50 percent share of South West Ag Partners, a joint venture which includes 9 grain and crop inputs facilities in Ontario. The sale does not include the Cargill export terminal in Sarnia, or the AgResource crop inputs wholesale business. All other Cargill grain and crop inputs assets in Canada and all other Cargill businesses in Ontario or throughout Canada are not included in the sale agreement.
Terms of the pending sale are not being disclosed. Finalization of the transaction will take place upon the completion of definitive agreements and any required regulatory reviews, which are expected the second quarter of the calendar year.