The Scoular Co. said Friday that a Canadian agriculture company has decided to go with its own subsidiary in developing a grain elevator in Saskatchewan.
The Omaha-based commodities trader said Ceres Global Ag Corp. has informed Scoular that its unit, Riverland Ag, will develop and design the elevator at the distribution hub in Northgate.
“Scoular has vigorously objected to this unilateral action,” Scoular said in a statement. “Termination of Scoular’s relationship to the Northgate project and with Ceres remains under discussion, the details of which are not being released.”
Last year, Ceres said in a press release that Scoular would build, own and operate the hub’s grain handling equipment. “Ceres’ grain subsidiary, Riverland Ag, will be a major customer of the grain facility, and will work closely with Scoular on the procurement of certain grains,” Ceres said.
Scoular intends to “aggressively” pursue business in Canada, the company said, citing its transportation and distribution network and relationships with grain merchants.
With $6 billion in annual sales, Scoular employs about 700 people. The 120-year-old company is employee-owned and was ranked 54th last year on the Forbes list of privately held firms.