AGRIS Co-operative Ltd.

AGRIS Co-operative Ltd.
Great Lakes Grain

Great Lakes Grain

September 16, 2010 09:30 ET

AGRIS Co-Operative to Purchase Nutreco Assets at Oungah, Ontario

CHATHAM, ONTARIO--(Marketwire - Sept. 16, 2010) - AGRIS Co-operative is pleased to announce that in co-operation with its grain partner Great Lakes Grain, that they have entered into a an agreement which will see AGRIS purchase the assets of Nutreco Canada Inc. at Oungah, Ontario. 

The agreement contemplates that the transaction will be completed by September 30, 2010 so that AGRIS Co-operative on behalf of Great Lakes Grain can be prepared to receive soybeans and corn at the site this fall. It is the intent of Great Lakes Grain to receive and then transfer the corn, beans and wheat to other facilities that it operates. 

"While not a large site, this transfer elevator provides the co-operative competitive access to the area between Chatham and Wallaceburg for grain origination and crop input sales," says AGRIS Co-operative general manager Jim Campbell.

AGRIS Co-operative Ltd. is a one hundred percent farmer-owned grain marketing and farm-input supply company and serves more than 1,200 farmer members in 14 locations in Essex, Kent, Elgin, Middlesex and Lambton Counties. It is a leader in precision farming technology, seed, agronomy and petroleum services. The co-operative is majority owner of Wheatley Elevators specializing in identity preserved grain markets and partner of Great Lakes Grain, a grain merchandising company. AGRIS Co-operative is a member-owner of GROWMARK, Inc. and markets products and services under the FS banner.

Great Lakes Grain is a grain marketing partnership between GROWMARK, Inc. and AGRIS Co-operative Ltd. Great Lakes Grain is one of the largest operators of Ontario country elevators. It represents close to 460,000 MT (18 million bushels) of storage capacity with total marketing in excess of 30 million bushels serving farmers at more than 30 AGRIS Co-operative and FS PARTNERS branded locations from Windsor through to Toronto and north to Georgian Bay.

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