SOUTH SIOUX CITY, Neb. (AP) -- A Canadian company says it's buying a Missouri-based grain processor that has plants in Texas and Nebraska.
Viterra Inc. of Calgary says it's paying $90.5 million in U.S. cash to acquire 21st Century Grain Processing, which is based in Kansas City, Mo.
21st Century has an oat mill in South Sioux City, Neb., and a wheat mill near Amarillo, Texas.
Viterra spokesman Karl Gerrand said in a news release Thursday that 21st Century "aligns well with our processing segment."
21st Century Chief Executive Lynn Rundle says the sale positions his company to continue its growth and long-term success.
The sale faces regulatory approval.
Publicly traded Viterra also has operations in Australia and New Zealand.
21st Century Grain Processing: http://www.21stcenturygrain.com/
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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