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Agricore Sells Eastbank Crop Production Centre
WINNIPEG - Mar 22/04 - SNS -- Agricore United sold its Eastbank Crop Production Centre in Broderick, Saskatchewan, to the Gardiner Dam Terminal Joint Venture.
Gardiner Dam is jointly-owned by Agricore United and Gardiner Dam Terminal Ltd., a local farmer investor group. The company operates a 17,000 metric ton (MT) high throughput elevator near Strongfield, Saskatchewan, which opened for business in the fall of 2001.
Upon completion of the sale, the combined grain handling and crop input business will be operated by Gardiner Dam. Eastbank will continue to offer a full range of products and services, including financing options offered by Agricore United Financial. Ralph Danderfer will stay on as Agro Retail Manager.
Terms of the sale were not disclosed.
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