March 1, 2019

1 Min Read
Viterra Buys Stake in Grain Elevator from General Mills

Canadian-owned agribusiness Viterra USA LLC recently entered into an agreement to purchase a 50% stake in a grain facility in Northgate, ND from General Mills, a company press release announced Thursday. 

General Mills and Viterra shared ownership of the grain facility through a joint venture. Following the close of the transaction on Thursday, the Canadian firm will fully own the Northgate site. 

“We’re pleased to take on full ownership of this facility, and to continue building our presence in the U.S.,” Kyle Jeworski, Viterra President and Chief Executive Officer for North America, said in a statement. “We’re looking forward to continuing to work closely with local customers to provide them with superior service, including access to global markets, the expertise of our staff, flexible contracting options, and a wide variety of online tools that are available exclusively to Viterra customers across our asset network.”

Viterra also operates several special crops facilities in the state and a grain elevator in Grand Forks, ND. 

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