WINNIPEG – Privately held Richardson International Ltd. announced Wednesday that it is buying a grain handling and crop input retail facility in Nampa, Alta., from the Great Northern Grain.
Terms of the deal, expected to close by Feb. 9, were not disclosed.
Current employees at Great Northern’s Nampa facility will be offered the opportunity to join Richardson, which is Canada’s largest privately held agribusiness.
“We are excited to add the Nampa facility to our Richardson Pioneer network,” Darwin Sobkow, vice-president, agribusiness operations for Richardson, said in a release.
“Since 2007, Richardson has invested over $80 million in the Peace River region and we are committed to continuing to invest in this area to meet the growing needs of producers.”
The Nampa grain facility currently has 17,300 metric tonnes of storage capacity, a full cleaning line for wheat and canola and a 52-car spot on the CN rail line. It also has an 8,400-square-foot crop protection and seed warehouse for retailing crop input products.
Richardson plans to add an additional 14,000 tonnes of grain storage this spring and to increase the facility’s rail car spot to handle 104-car trains.
It will also add fertilizer storage and a 200 tonne per hour blending system.
Richardson, based in Winnipeg, has more than 1,700 employees across Canada and is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds.
