Lethbridge grain marketing and handling firm Bridge Agri Partners has been taken up by U.S. grain and ag input firm The Andersons.
Bill Krueger, president of The Andersons’ trade and processing arm, said in a release Nov. 1 it had bought the Prairie company for an undisclosed amount, its goal being “to expand our pet food ingredient portfolio and our physical presence in the central northern region of the U.S. and Canada.”
Bridge Agri Partners will continue to work under its existing name as a wholly-owned subsidiary of The Andersons, the companies said,
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Ohio-based The Andersons said the deal “further supports (its) strategy to expand in its core grain and fertilizer businesses, including premium products focused on food and feed.”
“Having worked with The Andersons for many years, I look forward to being part of the larger organization,” Bridge Agri Partners president Darwin Rusu said in the same release. “Combining the market knowledge and supply chain expertise of our two companies will enhance the value we provide to current and new customers.”
Bridge Agri Partners, on its website, describes itself as a unit “created to redefine the commodities marketing process (with) a small, dedicated professional marketing team.”
Apart from its Lethbridge office, Bridge Agri Partners operates a grain handling site in south-central Manitoba, at Katrime, about 45 km northwest of Portage la Prairie. It also has a U.S. facility at Shelby, Montana, about 60 km south of the Canada-U.S. border crossing at Coutts, Alta.
The Katrime facility is built around a former Manitoba Pool Elevators site divested in 2001 during the formation of Agricore United (now part of Viterra).
The Andersons’ other assets in the Canadian market include the former Thompsons grain business in Ontario, two elevators and a grading lab in northeastern Saskatchewan and a southern Manitoba elevator at Darlingford, about 20 km west of Morden. — Glacier FarmMedia Network
