Deals
Glencore's Viterra to Expand Canola Crush in North America
- Agriculture unit of Glencore has processing deal in Washington
- Viterra purchased eastern Canada oilseed plant in 2015
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Glencore Plc’s Viterra agriculture unit agreed on an oilseed-processing accord in Washington state with Pacific Coast Canola LLC to expand in North America.
Terms weren’t disclosed, Regina, Saskatchewan-based Viterra said Tuesday in a statement. The company increased its stake in Pacific Coast Canola to 50 percent for no cash and entered into an operating agreement with McKinstry Holdings Inc., which has the remaining 50 percent.