STRONGFIELD—Shareholders will decide next month whether to approve the sale of Gardiner Dam Terminal (GDT) Ltd. to Viterra.

The purchase price is estimated at between $27.9 and $30.3 million.

GDT’s board of directors announced Friday, Nov. 16 that the company has entered into an asset purchase agreement with Viterra, which already holds a 50 per cent interest in GDT as per a joint venture agreement entered into 18 years ago when the farmer-owned terminal was built. The sale of the remaining 50 per cent of the assets will terminate this joint venture agreement.

The purchase agreement includes all the assets associated with the grain handling aspect of the business and the crop inputs and production side of the business known as GDT AgServices Ltd.

GDT operates a grain terminal near Strongfield, along the CP Rail line and has crop production facilities at Strongfield, Broderick and Tullis.

The terminal’s service area covers a 60-mile radius around Strongfield, including the communities of Craik, Davidson, Kenaston, Eyebrow, Central Butte, Dinsmore, Beechy, Hanley, Outlook, Elbow and Loreburn.

Viterra has advised GDT that it intends to sell GDT AgServices and all its crop production assets to Riverbend Co-operative Ltd. under a separate agreement.

GDT and GDT AgServices currently employ 24 people.

Twenty-two out of the 24 people will be offered positions by either Viterra, in the grain handling facility, or Riverbend Co-op at the three crop input locations, said Shawn Graham, chief executive officer, GDT AgServices. He said the two exceptions are management positions.

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