Richardson International
Encyclopedia
Richardson International is a privately held Canadian
agricultural
and food industry
company headquartered in Winnipeg
, Manitoba
. It operates a network of grain handling facilities in the Canadian Prairies
under the brand Richardson Pioneer, as well as port
terminals in five cities. Richardson Oilseed Processing processes seed plants for oils
, and Richardson Nutrition markets canola
products, including under the consumer brand Canola Harvest.
Richardson International is a subsidiary of James Richardson & Sons, Limited, established in 1857. In addition to Richardson International, James Richardson & Sons manages financial services through Richardson Financial Group, property management through Richardson Center Limited, and oil and gas exploration through Tundra Oil & Gas Partnership. Richardson Financial Group consists of two operating divisions, Richardson Partners Financial Limited, and Richardson Capital. In 2009, Richardson Partners Financial merged with GMP Private Client to form Richardson GMP, a wealth management and investment services firm.
Richardson International was involved in a bidding war with Saskatchewan Wheat Pool
over the purchase of Agricore United
in 2007. Although unsuccessful, through the deal Richardson acquired grain elevator
s in Manitoba, Saskatchewan
, and Alberta
, and was paid a $35 million termination fee from Agricore.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
agricultural
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
and food industry
Food industry
The food production is a complex, global collective of diverse businesses that together supply much of the food energy consumed by the world population...
company headquartered in Winnipeg
Winnipeg
Winnipeg is the capital and largest city of Manitoba, Canada, and is the primary municipality of the Winnipeg Capital Region, with more than half of Manitoba's population. It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers .The name...
, Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...
. It operates a network of grain handling facilities in the Canadian Prairies
Canadian Prairies
The Canadian Prairies is a region of Canada, specifically in western Canada, which may correspond to several different definitions, natural or political. Notably, the Prairie provinces or simply the Prairies comprise the provinces of Alberta, Saskatchewan, and Manitoba, as they are largely covered...
under the brand Richardson Pioneer, as well as port
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
terminals in five cities. Richardson Oilseed Processing processes seed plants for oils
Cooking oil
Cooking oil is purified fat of plant origin, which is usually liquid at room temperature ....
, and Richardson Nutrition markets canola
Canola
Canola refers to a cultivar of either Rapeseed or Field Mustard . Its seeds are used to produce edible oil suitable for consumption by humans and livestock. The oil is also suitable for use as biodiesel.Originally, Canola was bred naturally from rapeseed in Canada by Keith Downey and Baldur R...
products, including under the consumer brand Canola Harvest.
Richardson International was involved in a bidding war with Saskatchewan Wheat Pool
Saskatchewan Wheat Pool
The Saskatchewan Wheat Pool was a grain handling, agri-food processing and marketing company based in Regina, Saskatchewan. The Pool created a network of marketing alliances in North America and internationally which made it the largest agricultural grain handling operation in the province of...
over the purchase of Agricore United
Agricore United
Agricore United was a farmer-directed agri-business in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. It was headquartered in Winnipeg, Manitoba...
in 2007. Although unsuccessful, through the deal Richardson acquired grain elevator
Grain elevator
A grain elevator is a tower containing a bucket elevator, which scoops up, elevates, and then uses gravity to deposit grain in a silo or other storage facility...
s in Manitoba, Saskatchewan
Saskatchewan
Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....
, and Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, and was paid a $35 million termination fee from Agricore.