REGINA, SASK. — Viterra, a business unit of Glencore P.L.C., has entered into a supply and marketing agreement with Pacific Coast Canola L.L.C. (P.C.C.). Under the agreement, P.C.C. will crush canola for Viterra at its plant in Warden, Wash.
Additionally, the companies announced Glencore Grain Investment L.L.C., an affiliate of Viterra, has increased its ownership in P.C.C. to 50% for no cash consideration. McKinstry Holdings, Inc. has acquired the remaining 50%. Financial terms were not disclosed.
“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 chief executive officer for North America. “We look forward to helping P.C.C. achieve its full potential, through delivery of consistent seed supply, expansion of our existing relationships with thousands of canola producers to include local P.C.C. market producers, our focus on continuous improvement and connections with domestic and international end users."
P.C.C.’s facility, which opened in 2013, is North America’s largest expeller-press canola processing facility and has the capacity to crush 1,100 metric tonnes per day. The facility produces various canola oils, including non-bioengineered, halal and kosher certified, for food manufacturers and distributors, as well as meal products that are sold into the dairy cattle and other livestock markets.
Regina-based Viterra handles, processes, distributes and transports grains and oilseeds throughout North America.
