Source: Viterra Inc.

Viterra Inc. and XL Foods Inc. have entered into an agreement for Viterra to acquire the assets of Lakeside Fertilizer, a division of XL Foods and southern Alberta's largest independent retailer of fertilizer and agricultural chemicals.

The transaction, which closed Friday, includes six retail outlets in Bow Island, Brooks, Claresholm, Medicine Hat, Taber and Vauxhall, AB. Rabobank International acted as exclusive financial adviser to XL Foods.

Strategically located in a prime growing region of Alberta, the sites will allow Viterra to sell inputs for traditional crops, as well as high input specialty crops such as sugar beets and potatoes, according to Viterra.

Read the original news release.