An off-shore company has bought 11.2 acres of land in Wetaskiwin for a dairy processing plant, said the secretary/manager of the Alberta Dairy Board.
The numbered company 735634 Alberta Ltd. will be using the land for a food processing plant, said Lloyd Johnston.
There are still some conditions associated with the sale, which is expected to be complete by the end of July.
“Any time there is further processing in the province it’s good. When there’s some export trade associated with it, that’s a bonus,” said Johnson.
The principals in the company have done some business in Germany, but are not German, he said. He met with the group but has yet to see a business plan.
“There is some corporate confidence that needs to be maintained.”
