Bunge signs agreement to acquire Grain Elevator assets of North West Terminal

Bunge has signed a purchase agreement to acquire the grain elevator assets of North West Terminal near Unity, SK. The agreement includes the grain elevator and associated storage assets. The fermentation and distillation facility will continue to be operated by NWT.
 
NWT’s grain facility has total storage capacity of 63,000 metric tonnes, making it one of the largest grain handling facilities in Western Canada. It has full cleaning and drying capabilities, and is serviced by both CPKC and CN, Canada’s two largest railways.
 
“We look forward to integrating this efficient, high throughput facility into our industry leading grain asset network,” said Kyle Jeworski, head of Bunge in Canada. “We firmly believe that our operational and logistical expertise, focus on superior service, and targeted future investments in the facility will allow us to bring it to its full potential for the benefit of our customers. Further, we look forward to being an active member in the community as a leading employer and contributor to community investment initiatives.”
 
The purchase agreement is subject to customary closing conditions. If these conditions are successfully met, the transaction is expected to close in October.