Minneapolis, MN - Sept. 2, 2020 - Ceres Global Ag Corp. (TSX: CRP) ("Ceres Global" or the "Company"), a global agricultural, energy and industrial products merchandizing and supply chain company, announced today that it has completed its previously announced acquisition of Cargill Limited's grain elevator and associated assets referred to as "Nicklen Siding", located in Ridgedale, Saskatchewan.
The acquisition was funded with existing working capital.
As part of the transaction, Ceres Global assumed Cargill's open grain purchase contracts and has retained all Cargill personnel who were employed at the Nicklen Siding facility.
"The completion of the Nicklen Siding acquisition continues the meaningful progress we have made on our goal to add strategic origination capabilities for our core products while also further expanding our geographic footprint in Canada," said Mr. Robert Day, President and Chief Executive Officer at Ceres.
"We welcome the talented team from the Nicklen Siding location and sincerely look forward to working together to connect growers in Saskatchewan with Ceres' valued end-use customers."
For more information, please contact Katelynn Thissen at 416-848-1427 or kthissen@national.ca