(Alice McFarlane/farmnewsNOW Staff)

By Alice McFarlane

Ilta Grain Sale

Viterra to purchase Belle Plain Ilta Grain Facility

Aug 20, 2019 | 4:39 PM

Viterra said it has signed a purchase agreement to acquire the assets of Ilta Grain Inc.’s processing facility near Regina.

Ilta’s Belle Plain plant has a storage capacity of 22,000 metric tonnes, along with a 135 rail car loop track.

Viterra President and CEO Kyle Jeworksi said its facility will fit in nicely with the company’s current operation.

“We are pleased to be working towards integrating this high quality facility into our industry leading grain asset network,” Jeworski said in a news release. “We firmly believe that our operational and logistical expertise, combined with our focus on superior service and unrivalled market insight, will allow us to bring this facility to its full potential for the benefit of our customers.”

The facility can handle a wide range of pulses and other commodities. It also has precision cleaning and conveyor equipment to prepare and ship crops for export.

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It has multiple logistics capabilities including container, bagged, intermodal, truck and bulk rail shipments.

The purchase agreement is subject to customary closing conditions, including court approval at a hearing scheduled for August 23. If these conditions are met, the transaction is expected to close on August 27.

Employees at the facility will be offered with Viterra.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF