LETHBRIDGE: Viterra reached an agreement to purchase certain assets of Lethbridge Inland
Terminal Ltd less than a month ago and now has approval from shareholders.
The agreement includes a high throughput grain elevator with a capacity of
42,000 metric tonnes.
Shareholders of Lethbridge Inland Terminals, which is located south-east of
Lethbridge, just off Highways 4 and 845, overwhelmingly approved the Viterra's
offer on Friday. The shareholder base includes about 150 Southern Alberta
farmers, as well as a number of Hutterite Colonies and small to medium sized
Lethbridge Inland Terminal opened in the fall of 2008 and is one of the 10
biggest primary elevators in the province.
Economic Development Lethbridge says they have shipped more than one-million
tonnes of grain since opening.
The agreement was originally announced in late December and remains subject
to certain closing conditions, including regulatory approvals. Current employees at Lethbridge Inland Terminal will continue to work at the terminal for Viterra.