The Weyburn Inland Terminal (WIT) completed the required due diligence and finalized the acquisition of the assets of Sedley Seeds (2007) Ltd.on July 4. WIT has acquired the assets of Sedley Seeds, including land, buildings, and rolling stock for a total purchase price of $2.9 million.
"Lentil production is a key part of the farm economy in south-eastern Saskatchewan," noted WIT CEO Rob Davies. "We have been operating essentially at capacity with our existing plant, so the Sedley Seeds facilities provide a significant opportunity to increase our processing capacity and provide a higher level of service to both farm customers and end use buyers."
The Wecker family, owners of Sedley Seeds, were "pleased that the operation stayed locally owned, and that farmers continued to be key stakeholders in the business."
The Weckers farm in the Sedley area.
"Weyburn Inland Terminal continues to be a profitable, farmer owned and directed Company," said WIT President Claude Carles."We continue to look for opportunities to add more value to our operations on behalf of both our customers and shareholders."
Sedley Seeds (2007) Ltd. is a privately held Saskatchewan based company located in the Rural Municipality of Lajord, near the village of Sedley.
