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Tag Archives scoular — page 2

(Dave Bedard photo)
Crops, Markets

Prairie flax market flat, acres set to decline

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CNS Canada — A flat flax market in Western Canada has buyers feeling indifferent about this year’s prospects. “There’s no big hurrahs right now on flax… I hate to say it, I’m a very optimistic type of person, but it’s kind of a flat market right now,” said Ben Friesen, senior market manager at Scoular […] Read more
(Photo courtesy Tri-Field Farms via Facebook, used by permission)
Crops

Scoular buys grain elevator in Manitoba’s Interlake

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U.S. grain company The Scoular Co. is expanding its stake in the Prairie grain handling market by buying a small former Agricore elevator in Manitoba’s Interlake region. The company on Thursday announced its “recent purchase” of the Tri-Field Farms elevator at Netley, about 25 km north of Selkirk at the south end of Lake Winnipeg. […] Read more
(CNW Group/Legumex Walker)
Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

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Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more
Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)
Crops, Markets

Legumex Walker shareholders approve sale

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Shareholders in Prairie special crops processor Legumex Walker have voted to take a deal for their company’s assets from U.S. grain firm Scoular. Winnipeg-based Legumex reported Monday that shareholders representing just over 76 per cent of its stock have voted 99.6 per cent in favour of selling the company’s special crops division to the Scoular […] Read more
Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)
Crops, Markets

Grain handler Scoular on hunt for more Canadian buys

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Winnipeg | Reuters — U.S. crop handler The Scoular Co. is looking to acquire stakes in grain and oilseeds facilities in Western Canada, fresh off agreeing to its first major purchase in the crop-growing belt, the private company’s chief operating officer said Monday. Scoular last week agreed to pay $94 million for the special crops […] Read more
Legumex to sell processing plants, wind down company
Crops, Markets

Legumex to sell processing plants, wind down company

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Winnipeg | Reuters –– Prairie special crops firm Legumex Walker said Monday it has agreed to sell its pulse and special crop processing plants and expects to sell its U.S. canola-crushing facility, allowing it to wind down the company. Winnipeg-based Legumex plans to sell its special crops division, which includes 14 plants in Canada, the […] Read more
(CNW Group/Legumex Walker)
Crops, Markets

Loan called on Legumex’s U.S. canola crusher

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Prairie special crop processor Legumex Walker is weighing its options after major lenders to the company’s U.S. canola crushing arm called their loan. Pacific Coast Canola, a cold-press canola crushing operation at Warden, Wash., about 160 km southwest of Spokane, is 84 per cent owned by TSX-traded, Winnipeg-based Legumex, and 16 per cent owned by commodity […] Read more
Richardson CEO Curt Vossen said the company is in the market for acquisitions in the U.S. grain sector. (Dave Bedard photo)
Crops, Markets

Richardson targets U.S. acquisitions

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Winnipeg | Reuters — Richardson International, one of Canada’s largest grain handlers, is seeking expansion in the U.S. through acquisitions worth $100 million to as much as $2 billion, its CEO said Thursday. Richardson, which now owns two U.S. mills, is interested in Andersons Inc. and private companies Bartlett and Scoular, as well as co-operatives, […] Read more
Crops

Scoular reported hit by $17M fraud

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Reuters — Scoular Co., a U.S. grain trading and handling firm, was swindled out of more than US$17 million through an international email scheme, a company official confirmed on Wednesday. The U.S. Federal Bureau of Investigation (FBI) is probing the fraud, which took place in June, a company spokesperson said in a telephone interview. The […] Read more
Crops, Markets

Scoular to source canola, sell output for Legumex’s U.S. crusher

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Grain trading firm The Scoular Co. is set to start feeding canola to Prairie special crop processor Legumex Walker’s crushing facility near the U.S. West Coast — and to market the plant’s production. Winnipeg-based Legumex on Monday announced a “long-term strategic alliance” with Scoular, in which Scoular will procure all canola seed for processing at Legumex’s […] Read more

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