The sale comprises 13 grain assets and crop inputs retail assets, and Cargill's 50 per cent share of South West Ag Partners, a joint venture which includes nine grain and crop inputs facilities in Ontario. The sale does not include the Cargill export terminal in Sarnia, or the AgResource crop inputs wholesale business. All other Cargill grain and crop inputs assets in Canada and all other Cargill businesses in Ontario or throughout Canada are not included in the sale agreement.
Terms of the pending sale are not being disclosed. Finalization of the transaction will take place upon the completion of definitive agreements and any required regulatory reviews, which are expected the second quarter of the calendar year.
Facilities included in the sale to La Coop fédérée are:
- Cargill grain: Melbourne; Princeton; Shetland; Staples; Talbotville
- Cargill crop inputs: Alliston; Clinton; Courtland; Harriston; Harrow; Melbourne; Mount Albert; Princeton; Shetland; Talbotville; Tilbury; Waterford
- South West Ag Partners grain: Becher; Grande Pointe; Palmerston Grain; Rutherford; Tupperville; Wallaceburg; all grain satellite relationships
- South West Ag Partners crop inputs: Becher; Dover; Eberts; Ridgetown; Rutherford