Viterra forms supply and marketing agreement with Pacific Coast Canola
Saskatchewan-based Viterra announced it has entered into a supply and marketing agreement with Pacific Coast Canola (PCC) under which PCC will crush canola for Viterra at its Warden, Washington crushing facility.
In addition to this agreement, Glencore Grain Investment LLC has increased its stake in PCC to 50% for no cash consideration, and has re-established an amended and restated Limited Liability Operating Agreement with McKinstry Holdings Inc., which has acquired the remaining 50% in the business, according to a recent Viterra press release.
Opened in 2013, the PCC plant is the largest expeller-press canola crushing facility in North America. The facility produces a range of canola oils including non-GMO, Halal, and Kosher certified products that are sold to food manufacturers and distributors, as well as meal products that are sold to the livestock and dairy cattle industries.
"This is a great opportunity for our company, allowing us to expand our processing capacity, build on the success we've achieved at our crush plant in Ste. Agathe, Manitoba and complement our recent acquisition of TRT-ETGO in Becancour, Quebec" said Kyle Jeworski, Viterra's President and CEO for North America in a company statement.