Viterra Inc (VTA) will go ex dividend on 2/7/2012. The current dividend payment is 7.5 cents and it is 0% franked. The record date is 6/7/2012 and the dividend will be paid on 26/7/2012. Based on the full year payment the dividend yield is 0.9%.
*Current Yield: 0.5% Franking: 0% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 19/6/2012. Current yield is based on the current dividend payment only.
Viterra Inc. (VTA) & Glencore International plc announced that they have signed a definitive agreement pursuant to which Glencore has agreed to acquire all of the issued and outstanding shares of Viterra for C$16.25 per share in cash by way of a court approved plan of arrangement.
Chris Mahoney, Director of Agricultural Products of Glencore said, “The acquisition of Viterra reflects our strong belief in the importance and future potential of the Canadian and Australian grain markets. This is an exciting opportunity to deliver the real benefits that can be generated through the combination of Glencore’s and Viterra’s respective assets, people and know-how to both farmers and customers in Canada, Australia and further afield.”
Glencore is one of the world’s leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.
Viterra is one of the world’s leading global agri-businesses and food ingredients companies. Operating three vertically integrated business segments of Agri-products, Grain Handling and Marketing, and Processing, the Company adds value and captures margin at numerous points along the food production value chain. With sourcing capabilities in multiple geographies and a marketing network spanning the globe, Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through its Advanced Technologies business unit.
Viterra Inc. (VTA) is broadening its Australian grain operations and origination capabilities with the acquisition of IPS Logistics’ container packing operation in Narrabri, New South Wales.
“The acquisition will complement Viterra’s existing grain container operations in southern and eastern Australia,” said Dean McQueen, Viterra’s Executive Manager for Grain in Australia. “These additional assets in northern New South Wales will allow Viterra to originate and containerize grain beyond our current footprint.”
The acquired assets include 75,000 tonnes of storage, a packing facility with the capacity to load more than 10,000 shipping containers annually and integrated rail access to facilities at Port Botany, the second largest container shipping port in Australia. Viterra currently operates grain container packing facilities at Port Adelaide and Two Wells in South Australia, Laverton and Dooen in Victoria and is currently constructing a container packing facility adjacent to the Company’s new malt plant near Sydney. The newly acquired facility at Narrabri will provide access to an additional Department of Agriculture, Fisheries and Forestry (“DAFF”) Biosecurity registered establishment for export certification container packing.
Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has operations across Canada, the United States, Australia, New Zealand and China, as well as a growing international presence that extends to offices in Japan, Singapore, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, Viterra operates three distinct business segments: Grain Handling and Marketing, Agri-products and Processing. Viterra’s expertise, close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of discerning end-use customers, helping to fulfill nutritional needs around the world.
Viterra Inc. (VTA) has entered into an agreement to divest its North American livestock feed operations to Hi-Pro Feeds LP. Hi-Pro is a newly formed entity owned by the existing management team of the livestock feed business and Birch Hill Equity Partners. The agreement includes all of Viterra’s North American feed assets. These assets include six feed mills and one pre-mix manufacturing facility in Canada, and six feed mills and a commodity blending site in the United States. Viterra’s decision to divest its North American feed business was based on a strategic review process and does not include or affect its New Zealand feed assets.
“The processing segment is important to Viterra’s vertically integrated business model as it allows us to generate additional margin on the core commodities we handle and provides diversification to our earnings,” said Mayo Schmidt, President and CEO of Viterra. “The Company will continue to look for opportunities to grow its processing portfolio in industries where it can achieve scale and influence and this divestment will allow us to focus our capital on areas of greatest strategicimpact. We are pleased that Hi-Pro intends to maintain continuity for the staff and customers of the livestock feed business going forward.”
Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has operations across Canada, the United States, Australia, New Zealand and China, as well as a growing international presence that extends to offices in Japan, Singapore, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Hi-Pro is a newly formed entity created by the existing management of Viterra’s North American livestock feed operations and Birch Hill. Birch Hill, with $2 billion in capital under management, 20 partner companies and 30 fully realized investments since 1994, is the leader in long-term value creation in the Canadian mid-market.
http://www.traderdealer.com.au/fundamentals/vta
Viterra Inc. (VTA) and Canadian National Railway announced that they have signed a new service improvement agreement, which will strengthen Viterra’s rail-based supply chain with CN. Under the agreement, Viterra and CN will work together to review supply chain key performance indicators, cooperate on planning and forecasting, and address supply chain issues in a timely manner. The agreement is based on the belief that the actions of all supply chain participants affect the performance of the entire chain.
“At CN, we know that what gets measured can be improved,” said Claude Mongeau, President and Chief Executive Officer of CN. “We believe our innovative agreement with Viterra will lead to greater supply chain efficiency, from the Canadian prairie elevators, to the export vessels. Our agreement with Viterra builds on the success of CN’s Scheduled Grain train operation that has already delivered fundamental gains in grain industry supply chain performance. CN spots hopper cars at specific country elevators, at scheduled times, on scheduled days, every week. Our aim with this supply chain agreement is to further improve upon this service to help Viterra better compete in world markets.”
Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations across Canada, the United States, Australia and New Zealand, as well as a growing international presence that extends to offices in Japan, Singapore, China, Vietnam, Switzerland, Italy, Ukraine, Germany, Spain and India. Driven by an entrepreneurial spirit, Viterra operates three distinct business segments: Grain Handling and Marketing, Agri-products and Processing. Viterra’s expertise, close relationships with producers and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world. CN – Canadian National Railway Company and its operating railway subsidiaries –spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America.
http://www.traderdealer.com.au/Fundamentals/ASX-Companies/vta
Viterra Inc. (VTA) is pleased to announce that a wholly-owned subsidiary of Viterra has acquired substantially all the assets of and inventory of Premier Pulses International Inc., a processor and merchandiser of peas and lentils with a single site facility in Minot, North Dakota and a marketing office in Lewiston, Idaho. The Minot facility offers pulse cleaning and processing services and a finished product warehouse where a variety of locally sourced peas and lentils are stored, processed, bagged and shipped to destination customers worldwide.
“Premier Pulses is an excellent fit for our North American grain operations, as it is located in the primary pea and lentil growing regions in the northern US. Expanding our operation into Minot presents an exciting opportunity which aligns with Viterra’s pulse merchandising growth strategy. Strong global demand fundamentals in the Middle East and Asia continue to drive increased pulse acreage. By increasing our footprint in these crops, we are able to better serve this demand while bringing Viterra’s expertise and value to local producers,” said Bob Miller, Viterra’s Senior Vice-President, Grain North America.
Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations across Canada, the United States, Australia, and New Zealand. It operates in three distinct businesses: grain handling and marketing, agri-products, and processing. Viterra’s expertise, close relationships with producers, and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.
http://www.traderdealer.com.au/fundamentals/vta
Viterra Inc. (VTA) announced it has signed a definitive agreement to acquire 21st Century Grain Processing, a US based processor of oats, wheat, and custom-coated grains, for an all cash purchase price of USD $90.5 million, subject to adjustments for debt, cash and working capital levels at the time of closing. 21st Century Grain Processing operates two plants in the Central US, an oat mill in South Sioux City, Nebraska and a facility that mills wheat near Amarillo, Texas.
“We are pleased to have reached this agreement with 21st Century Grain Processing, which has established an excellent reputation in the industry for providing healthy, high quality, grain-based food ingredients. Its operational focus aligns well with our processing segment, creating opportunities to better serve our customers by optimizing our logistics and realizing production efficiencies. Further, it will position our Company to better compete in this industry and meet the continued growth in demand for healthy food products in North America,” said Karl Gerrand, Viterra’s Senior Vice-President, Processing. Lynn Rundle, CEO of 21st Century Grain Processing, added: “We are very excited to have this opportunity to bring together the operational capabilities and product offerings of our two companies. With Viterra’s strengths and commitment to our industry, this transaction will position us well to continue our growth and success over the long term.”
The facility in Nebraska has a storage capacity of 4 million bushels and can process up to 295 metric tonnes of commercial oat products per day. In addition the facility manufactures coated grains and clusters used in foods such as granola bars and ready-to-eat breakfast cereals and snack foods. The wheat milling facility in Texas has a storage capacity of 3 million bushels and can process up to 225 metric tonnes of flour per day, and produces products such as whole wheat, bakery and tortilla flour.
The transaction aligns with Viterra’s integrated business model, and reinforces the Company’s mission to leverage its expertise and existing core capabilities to supply its value-added processing operations – strengthening the connections between field and table. Under the combination, 21st Century Grain’s Processing facilities in the United States will benefit from Viterra’s existing oat milling operations and grain origination network in Canada.
21st Century Grain Processing is an innovative grain- based ingredient supplier that supplies whole grain ingredients for consumer products to the bar, cereal, baking and snack food industries. Headquartered in Kansas City, Missouri, the company operates a 225 metric tones per day flour mill and corn processing operation near Amarillo, Texas and a 295 metric tones per day oat milling and customized oat ingredient processing facility in South Sioux City, Nebraska. The company is a leading specialty grain based ingredient manufacturer in North America and employs approximately 100 people.
Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. Our growing international presence also extends to operations in the United States, and marketing offices in Japan, Singapore, China and Switzerland. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri- products, and value-added processing. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.
Viterra Inc. (VTA) and XL Foods Inc. are pleased to announce they have entered into an agreement in which Viterra will acquire the assets of Lakeside Fertilizer (Lakeside), a division of XL Foods and southern Alberta’s largest independent retailer of fertilizer and agricultural chemicals. The transaction, which closed today, includes six retail outlets in Bow Island, Brooks, Claresholm, Medicine Hat, Taber and Vauxhall, Alberta.
“This acquisition allows us to further leverage our logistics and distribution network, ensuring that our customers in southern Alberta have the right products at the right time,” said Doug Wonnacott, Viterra’s Senior Vice-President, Agri-products. “It is also consistent with our overall strategy to optimize our retail footprint in Western Canada and increase our market share.”
Strategically located in a prime growing region of Alberta, the sites will allow Viterra to sell inputs for traditional crops, as well as high input specialty crops such as sugar beets and potatoes. Customers will have access to a full range of agri-products including Viterra’s exclusive line-up of proprietary seed, private label crop protection products, along with a variety of custom services. The acquisition will increase Viterra’s total number of retail sites to 259 across Western Canada.
Viterra Inc. is a global food ingredients agribusiness headquartered in Canada. The Company has extensive operations and distribution capabilities across Western Canada, as well as in Australia and New Zealand, with Adelaide, Australia being Viterra’s base for its Southeast Asian operations. Viterra also has offices and operations in the United States, Japan, Singapore, China, Switzerland, and a joint venture in Ukraine. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, food and malt processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between growers and destination customers. XL Foods Inc. is the largest Canadian owned and operated beef processor in Canada. It is part of the Nilsson Bros. Group of companies, which are a diverse agri-business that is involved in all facets of beef and cattle production, marketing and processing. XL Foods Inc. operates facilities in Alberta, Saskatchewan, Nebraska and Idaho.
