Saskatchewan Wheat Pool has sold its 56.2 percent share in PrintWest Communications Ltd. to a management-led group of employees.
The sale, which does not affect The Western Producer, has been planned since the pool went public.
“Divesting of PrintWest represents a move to focus on our core business activity, which is providing marketing services to prairie farmers and adding more value to the products they grow,” said Bill Hunt, the pool’s executive vice-president for the food and industrial group, in a press release.
Hunt said the pool remains committed to The Western Producer, which has entered its 75th year of publication. PrintWest’s Saskatoon plant will continue to print the Producer and other papers such as the Saskatoon and Regina Free Press.
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Keith Critchley, chair of PrintWest, said the company will continue to expand into niche markets across Canada.
Founded in1992, PrintWest Communications Ltd., today ranks among the top 40 printing companies in Canada.
New barn for Big Sky
Saskatoon newsroom
Big Sky Farms has opened its second $13 million hog production unit with barns at Kelvington and Lintlaw, Sask.
The operations consists of 2,500 sows producing about 58,000 market hogs a year. Full production is expected by December of this year.
During construction, 100 jobs were created and once in full production, the barns will employ 20 people.
Since 1995, the Saskatchewan Government Growth Fund has been the major shareholder, providing more than $5 million in financing.
The Saskatchewan Opportunities Corp. has provided $1 million in financing, half in the form of a loan and the other half as equity.
Plans for a public share offering to fund more expansion were put on hold because of the unease in stock markets and low hog prices.
Accounting CEO resigns
Saskatoon newsroom
Don Penny is resigning as chief executive officer of Meyers Norris Penny, a leading accounting and business advisory company in Western Canada. He remains a full-time partner and chair of the board.
A company news release reported that Penny will focus on the firm’s strategic direction and priorities for the next five years.
A committee is searching for a new chief executive officer and is expected to give recommendations to the board in September.
Meyers Norris and Penny, headquartered in Brandon, Man., has about 50 full- and part-time offices across the three prairie provinces specializing in financial planning and business advising with specialization in agriculture and aboriginal affairs.
