Bayer Crop Science will acquire a canola treating and packaging facility in Coaldale, Alta., from HyTech Production on Nov. 1, the company announced today.
“With the growth of our canola business, we’ve been looking for ways to enhance our processes and assets,” said Antoine Bernet, president and CEO of Bayer Canada. “This facility is ideally located to support our operations and future expansion as we expect increased demand for canola.”
HyTech Production will retain its other assets and continue its hybrid seed production, maintaining relationships with current customers while exploring new opportunities. “We remain committed to growth and quality, aiming to bring long-term value to our customers and seed growers,” said Cameron Van Roon, co-CEO of HyTech Ltd.
Currently, Bayer uses third-party contractors, including HyTech, for canola treating and packaging. With this acquisition, Bayer will streamline its operations between its canola parent seed production site in Cranbrook, B.C., and its seed cleaning facility in Lethbridge.
“The acquisition will give us more control over the production process, benefiting farmers who rely on our seed,” added Bernet.
Once the acquisition closes on Nov. 1, Bayer will take ownership of the facility and onboard the HyTech employees currently working there.
