Viterra acquires container packaging operation from IPS Logistics
Regina, Sask. – Viterra Inc. has acquired a container packing operation in Narrabri, New South Wales, from Australia’s IPS Logistics.
Under the agreement Viterra will acquire 75,000 tonnes of storage, a packing facility with the capacity to load more than 10,000 shipping containers annually, and integrated rail access to facilities at Port Botany, the second largest container shipping port in Australia.
Viterra already operates four grain container packing facilities in Australia, and is constructing a container packing facility in addition to its new malt plant.
“The acquisition will complement Viterra’s existing grain container operations in southern and eastern Australia,” says Dean McQueen, Viterra’s executive manager for Grain in Australia. “These additional assets in northern New South Wales will allow Viterra to originate and containerize grain beyond our current footprint.”