Viterra adds processing capabilities with latest acquisition
Regina-based Viterra Inc. has acquired a canola and soybean crushing and refining plant based in Bécancour, Que.
Regina, Sask. – Viterra Inc. has acquired Twin Rivers Technologies Entreprises De Transformation De Graines Oléagineuses Du Québec Inc. (TRT-ETGO).
With a crushing capacity of 1.05 million metric tonnes per year, TRT-ETGO is the largest oilseed processing plant in Eastern Canada.
The plant began operations in 2010 and produces vegetable oil for food and industrial markets, as well as meal for the livestock industry.
Kyle Jeworski, Viterra’s president and CEO for North America, says the acquisition will allow the company to connect its farm customers with more marketing opportunities, making the two companies a good fit.
“We’re excited by the opportunities that will be available to us,” he adds, “and with TRT-ETGO being the largest full swing plant in Canada, we will have the ability to optimize our output by crushing canola or soybeans depending on market conditions and end user needs.”
TRT-ETGO’s plant is located on the St. Lawrence Seaway and has the ability to receive and ship oilseeds by truck, rail and vessel. It’s also close to Viterra’s port facility in Montreal.
Image of soybeans courtesy of SOMMAI at FreeDigitalPhotos.net