Canadian food maker Viterra has purchased US grain, oats and wheat processor 21st Century Grain Processing.
21st Century operates two plants in the Central US, an oat mill in South Sioux City, Nebraska, a facility that mills wheat near Dawn, Texas, and a corporate office in Kansas City, Missouri.
“This is an ideal acquisition for Viterra that complements our existing industrial oat business, and further diversifies our product offering with the addition of 21st Century’s value-added whole grain ingredients,” Karl Gerrand, Viterra’s senior vice president of processing said yesterday (17 August).
“We are pleased to welcome 21st Century’s employees to the Viterra team and look forward to working with them in delivering quality products and services to our customers,” he added.
Under the combination, 21st Century’s processing facilities in the US will benefit from Viterra’s existing oat milling operations and grain origination network in Canada.
Financial details of the transaction were not disclosed.