James Richardson International Ltd. has boosted its ownership share in Canbra Foods to 94.7 percent.
The Winnipeg-based agricultural firm, which also owns Pioneer Grain, had until Aug. 9 to purchase outstanding shares of the Lethbridge, Alta.-based canola crushing and refining company.
The next step is for JRI to proceed with the statutory compulsory acquisition of the remaining Canbra shares by Aug. 16, according to a JRI news release.
When that happens, JRI says it will apply to have Canbra delisted on the Toronto Stock Exchange.
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New UGG elevator
Saskatoon newsroom
United Grain Growers planned to officially open a new high-volume grain elevator and farm service centre near Valparaiso, Sask., Aug. 10.
UGG says the new elevator has a storage capacity of 17,000 tonnes and can load 104 hopper cars. It also features a bulk fertilizer blending plant, anhydrous ammonia fertilizer facility and chemical and seed warehouses.
New AgPro elevator
Saskatoon newsroom
AgPro, owned by Saskatchewan Wheat Pool, officially opened its high-volume elevator in Brandon, Man., Aug. 16.
The elevator can store up to 42,000 tonnes of grain, can handle 104 cars on four tracks and can clean grain to export standards.
It also includes a full-service farm supply operation, a Crop Protection Institute certified warehouse and a fertilizer blending facility.
AgPro plans to open a second full-service grain handling and farm supply marketing centre in Manitoba, in Boissevain, in 2000.
Rebuilt elevator opens
Saskatoon newsroom
Less than a year after fire destroyed a United Grain Growers elevator at High Prairie, Alta., the company has opened a new facility on the same spot.
The elevator is smaller than the original facility but is expected to achieve a higher turnover ratio.
It features steel bins with a 1,100-tonne storage capacity. Grain drying services will continue to offered.
UGG says the elevator will serve as a base for shipping grain to Fahler and Rycroft, Alta.
