Glacier FarmMedia | MarketsFarm – Bayer CropScience Inc. announced on Oct. 3 it will acquire a HyTech Production Ltd. canola treating and packaging facility near Coaldale, Alta. on Nov. 1.
Ownership of the facility will transfer from HyTech to Bayer and HyTech employees at the plant will work under Bayer. Meanwhile, HyTech will retain its other assets and full hybrid seed production capabilities. Bayer will also use HyTech tollers at the facility.
Bayer already has a canola seed production site in Cranbrook, B.C. and a seed cleaning facility in Lethbridge, Alta.
Read Also
Canada seeks pact with Southeast Asian countries to diversify trade
Canada is seeking to finalize a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top diplomat said, responding to the hefty tariffs imposed on it by the United States, its neighbour and largest trade partner.
“With an expected increase in canola volume, the facility is perfectly located and designed to support Bayer’s Canola business today as well as enable future growth,” said Antoine Bernet, president and CEO of Bayer CropScience Inc.
“By optimizing our canola production process, Bayer can enhance service and supply of canola hybrids for customers. We’ll have more visibility and control over the seed from production to packaging, which directly benefits the farmers who use our seed.”
“Committed to growth and anchored in quality and reliability, HyTech aims to enhance its offerings and explore innovative avenues in seed production, ensuring long-term value for its loyal customers and seed growers,” said Cameron Van Roon, co-CEO of HyTech Ltd.
