Canadian grain handler Viterra has purchased certain assets of Lethbridge Inland Terminal, including a grain elevator with a capacity of 42,000 tons for an undisclosed sum.
An agreement to this effect was signed on 28 December and has received shareholder and regulatory approvals.
Viterra North America president and CEO Kyle Jeworski said, "We are excited to integrate this high quality terminal into our operations, and welcome its employees to the Viterra team.
"Together, we look forward to providing area customers with trusted advice and tailored service, backed by Viterra's expansive asset network and connections to world markets."
Over the recent past, the company made a series of investments in its asset network, including a $34m expansion and upgrade project at its facility in Grassy Lake, Alberta as well as to establish a throughput terminal in Grimshaw.
