03/22/2018 06:22 EDT | Updated 03/22/2018 12:02 EDT

Agricultural producer Cargill to sell some Ontario assets to La Coop federee

WINNIPEG — Cargill has reached a deal to sell some of its Ontario grain and crop inputs assets, including its stake in South West Ag Partners, to Quebec-based agri-food co-operative La Coop federee.

The agricultural producer and distributor and the agri-food enterprise, which has operations across Canada, did not disclose the terms of the pending sale.

The transaction comprises 13 grain assets and crop inputs, retail assets and Cargill's 50 per cent share of South West Ag Partners, a joint venture which includes nine grain and crop inputs facilities in Ontario.

However, the pending sale does not include Cargill's export terminal in Sarnia or the AgResource crops wholesale business. 

All other Cargill grain and crop inputs assets in Canada and its other businesses in Ontario and throughout Canada are not included in the sale agreement.

The companies say the transaction is expected to be completed by the second quarter.

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