Viterra Inc., Calgary, Alb., has closed its buyout of 21st Century Grain Processing, a Kansas City, Mo.-based processor of oats, wheat and custom-coated grains.
21st Century operates an oat mill in South Sioux City, Neb., and a wheat mill near Dawn, Texas.
“This is an ideal acquisition for Viterra that complements our existing industrial oat business, and further diversifies our product offering with the addition of 21st Century’s value-added whole grain ingredients,” says Karl Gerrand, senior vice president, processing for Viterra. “We are pleased to welcome 21st Century’s employees to the Viterra team and look forward to working with them in delivering quality products and services to our customers.”
Viterra aims to leverage its expertise and existing core capabilities to supply its value-added processing operations, strengthening the connections between field and table. Following the acquisition, it also will benefit from 21st Century’s processing facilities in the United States, while 21st Century will benefit from Viterra’s existing oat milling operations and grain origination network in Canada.
Viterra Buys 21st Century Grain
August 30, 2010