More than 13,000 people are employed at La Coop which has annual revenues of $6.3 billion. It represents more than 120,000 members, agricultural producers and consumers grouped into nearly 70 cooperatives with operations spread out in many Canadian provinces. All of Cargill’s other grain and agricultural input assets in Canada and all of Cargill’s other businesses in Ontario and elsewhere in Canada are not included in the sales agreement.įounded in 1922, La Coop fédérée is the largest agri-food enterprise in Quebec and it is the 24th largest agri-food cooperative in the world. The sale does not include the Sarnia export terminal and the AgResource agricultural input wholesale sales operation. South West Ag Partners agricultural input: Becher Dover Eberts Ridgetown Rutherford South West Ag Partners grains: Becher Grande Pointe Palmerston Grain Rutherford Tupperville Wallaceburg all grain satellite relationships They can take advantage of a crop input service offering, grain handling, marketing in the region and access to a vast network of agricultural retailers that stretches well beyond Ontario thanks to more than a hundred affiliated establishments across Canada,” added Sébastien Léveillé, Executive Vice-President, Agri-business division of La Coop fédérée.Įstablishments included in the sale to the Agri-business division of La Coop fédérée:Ĭargill grains: Melbourne Princeton Shetland Staples TalbotvilleĬargill agricultural input: Alliston Clinton Courtland Harriston Harrow Melbourne Mount Albert Princeton Shetland Talbotville Tilbury Waterford “We are confident that current clients will greatly benefit from our experience and expertise. This agreement will help us continue with our major expansion program elsewhere in Canada and remain competitive on grain and agricultural input markets,” explained Gaétan Desroches, Chief Executive Officer of La Coop fédérée. “This transaction is part of La Coop fédérée and its Agri-business division’s sustainable growth plan, which includes the Agromart retail network and our grain trade businesses. The transaction will be finalized when the definitive agreements and required regulatory examinations are completed, which is scheduled for the second quarter of the calendar year. The conditions of the sale have not been disclosed. The sale includes the assets of 13 grain and crop production input establishments and 50% of the shares held by Cargill in South West Ag Partners, a cooperative that includes 9 grain and crop production input establishments in Ontario.Īdding these establishments will complement the existing operations of La Coop fédérée’s agricultural division in Ontario, which already include four fertilizer terminals, 16 local retail cooperatives and a grain trade group. Montreal, March 22nd, 2018 – La Coop fédérée, through its Agri-business division, announced today that it had signed an agreement to purchase the grain and crop production input assets of Ontario firm Cargill, including its South West Ag Partner property.
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