Canada’s biggest grain handler has bought an expanded share in southern Alberta’s ag fertilizer and chemical retail market.
Viterra announced Sept. 25 it has signed a deal to buy the assets of Lakeside Fertilizer, the ag input retailing arm of XL Foods, for an undisclosed sum.
Billing itself as southern Alberta’s largest independent retailer of fertilizer and farm chemicals, Lakeside operates six retail outlets in the province at Bow Island, Medicine Hat, Taber, Brooks, Claresholm and Vauxhall.
The deal brings Regina-based Viterra’s total number of ag retail sites to 259 across Western Canada, the company said.
Lakeside’s employees are to become “part of the Viterra team” and continue to serve area customers, Viterra said.
Lakeside’s operations in southern Alberta date back to a single outlet at Brooks in 1969, which bought facilities at Vauxhall, Claresholm and Bow Island in 1987 and at Medicine Hat and Taber in 1994 and 1995 respectively.