CHS Canada has sold its 10 retail crop input locations in Western Canada to Richardson International Ltd. and is also ending the Bridgeland joint venture with United Farmers of Alberta.
The transaction with Richardson is expected to close in November. The value of the deal was not released. The deals mark the exit of CHS, an American farmer-owned co-operative, as an owner of branded retail outlets in Western Canada.
Richardson will acquire nine crop inputs locations in Alberta — Alix, Beiseker, Bow Island, Carseland, Craddock, Lacombe, Rolling Hills, Standard and Vauxhall — and one in Edenwold, Sask. CHS had bought some of the outlets from Agrium in 2014 and some from DynAgra Corp. in 2012.
All 10 locations are full-service crop input retailers, providing producers with chemical, fertilizer and seed services.
CHS is also selling its part of Bridgeland Ltd. Partnership to its partner in the joint venture United Farmers of Alberta.
UFA will fully own and operate the Bridgeland assets at LaCrete, Sexsmith, Baytree, Fairview, Falher, Eaglesham and Grande Prairie, all of which will be rebranded under the UFA banner.