FCL set to purchase 17 agri-product sites from Viterra

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Federated Co-operatives Limited, on behalf of the Co-operative Retailing System (CRS), has entered into an agreement to purchase 17 fertilizer, seed and agriculture chemical supply centers from Viterra Inc. Pending completion of customary closing conditions, including regulatory approvals, the transaction is expected to close by the end of September.

Included in the deal are eight sites in Saskatchewan (Canwood, Cupar, Leoville, Lloydminster, North Battleford, Prince Albert, Strasbourg, White Star), eight in Alberta (Barons, Claresholm, Crossfield, Grimshaw, High River, Manning, Stettler, Viking) and one in Manitoba (Roblin).

“This agreement enhances our federation’s agri-business presence across the Prairies,” says FCL’s Ron Healey, Associate Vice President, Ag and Home Products. “We are pleased to be acquiring these assets and look forward to acquainting new employees and customers with the CRS and the benefits it has to offer.”

The purchase is a two-step transaction for FCL: first, to acquire the 17 sites from Viterra; and, second, to transfer ownership and operations to local retail Co-ops. FCL and local retail Co-ops are working together to finalize details of the ownership transfer and will announce details once the deal with Viterra is closed in September.

The employees at the 17 centers will be offered similar terms and conditions of employment within the CRS.

Once the sale is finalized, new customers will be contacted about the changes and informed about the benefits of buying their products from Co-op. They will be welcomed and encouraged to take out a Co-op membership, which gives them access to quality products and service at fair prices, an equity account and the opportunity for cash back on their overall purchases.

Retail Co-ops currently operate more than 140 ag centres in Western Canada.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (1) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left

jerome    
leoville  |  August, 30, 2013 at 08:40 AM

they are already closing them down as well. leoville has been told they are to be shut as soon as ownership passes. go figure.


Aluminum Grain Trailers

Maurer Manufacturing offers a complete line of high quality aluminum grain trailers. Manufactured in Spencer, Iowa, Maurer aluminum grain trailers ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form