Viterra buys North Dakota elevator

Prairie grain handler Viterra is expanding its reach in eastern North Dakota with a deal for Gavilon Grain’s elevator at Grand Forks.

Regina-based Viterra said Monday it has closed its acquisition of Omaha-based Gavilon’s Grand Forks site for an undisclosed sum, and plans “immediate capital upgrades” for the elevator.

The Grand Forks site, which was part of the Peavey Co. grain handling network before it became part of Gavilon in 2008, today has about 140,000 tonnes of storage capacity and two truck receiving pits, plus a grain dryer.

The elevator also includes a 110-car rail spot, served by BNSF Railway.

Glencore-owned Viterra’s other assets in the North Dakota market include special-crop handling facilities at Minot and Ray, about 150 km west of Minot.

The company also has a joint venture stake in a General Mills facility at Northgate, N.D., just south of the Saskatchewan border near Estevan.

Gavilon, owned by Japanese trading firm Marubeni since 2013, has limited operations in Canada, including two feed transload and storage sites in Alberta and one in Quebec. — AGCanada.com Network

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