Bunge has struck a deal to acquire the grain elevator assets of North West Terminal Ltd. (NWT) near Unity SK.
Announced Monday, the proposed $27-million transaction includes the inland grain elevator and associated storage infrastructure, while NWT will continue to operate its fermentation and distillation facility at the site.
The Unity grain facility is among the largest in Western Canada, with 63,000 tonnes of storage, full cleaning and drying capabilities, and service from both major railways, CPKC and CN.
“We look forward to integrating this efficient, high throughput facility into our industry-leading grain asset network,” Kyle Jeworski, head of Bunge in Canada, said in a statement. He added that Bunge plans to make targeted investments to maximize the terminal’s potential while becoming an active employer and community contributor in the region.
For NWT, the sale marks the culmination of a lengthy strategic review process launched in 2023, during which it examined alternatives to stabilize its finances. In September 2024, the board of directors of the farmer-shareholder company announced it was idling the Unity grain elevator after years of negative margins in the grain division. Management warned at the time that the elevator would remain idle until margins improved or an ownership change was arranged.
“Given the current state of the grain industry and the recent financial results of the company’s grain division, the board believes it is in the best interests of the company and its stakeholders to sell the company’s grain assets, make a significant repayment of debt and continue to operate the fermentation and distillation business,” NWT Chairman Brad Sperle said in a release.
“The board believes the proposed transaction will give the company’s fermentation and distillation business the greatest chance of success and allow Bunge to ensure the long-term future of grain handling services in the trading area.”
The transaction is subject to NWT shareholder approval at a special meeting scheduled for the week of Oct. 20, 2025, and is expected to close by Oct. 29. NWT will retain ownership of its fermentation and distillation business, along with its minority stake in Alliance Grain Terminal Ltd. in Vancouver.
