AGRI-BUSINESS DIVISION OF LA COOP FÉDÉRÉE LAUNCHES SOLLIO AGRICULTURE

on April 13 | in Ag News | by | with Comments Off on AGRI-BUSINESS DIVISION OF LA COOP FÉDÉRÉE LAUNCHES SOLLIO AGRICULTURE

From a news release


The Agri-business Division of La Coop fédérée, a leader in the farm inputs business in Canada, is now officially operating under the brand Sollio Agriculture. With annual sales of over $2.125 billion and close to 1,100 employees in nine Canadian provinces, Sollio Agriculture is revealing its new identity to better support farmers through its retail networks and 320 business sites.

“The Agri-business Division, our mission’s DNA, is modernizing by giving itself a strategic tool — a strong brand that will stand out in an increasingly competitive market characterized by an unmatched wave of consolidations in the agricultural and agri-food industry. I wish Sollio Agriculture great success,” says Ghislain Gervais, President of La Coop Fédérée.

Sollio Agriculture has facilities across Canada and is active in 29 countries. Internationally, Sollio Agriculture’s sales, consisting mainly of exports in the grains sector, exceeded $170 million.

Last year, Sollio Agriculture made numerous transactions, namely the acquisition of Standard Nutrition Canada, a business selling animal nutrition products and services located in Manitoba, the acquisition of Cargill’s grain and crop input assets in Ontario, and a business partnership with Maizex, a Canadian leader in the corn seed industry located in Chatham-Kent, Ontario. These transactions totalled an investment of $180 million. 

Also, Sollio Agriculture is building a grain export terminal in the Port of Quebec City — a $90-million investment that will open new international markets for farmers by making it possible for them to export their harvests to the United States, Mexico, Europe and Asia. Next fall, the company will commission a grain elevator in Truro, Nova Scotia, for the distribution of imported proteins and grains to mills in the region. It is also building a terminal in Oshawa, Ontario, for the exportation of grains to Europe, Central America and the Caribbean.

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