HyTech Production Ltd. is set to be acquired by Bayer CropScience Inc. (Photo: HyTech Production Ltd.)

By David Opinko

Bayer buying Coaldale canola plant

Oct 4, 2024 | 9:35 AM

COALDALE, AB – A major agricultural producer has made a move in southern Alberta.

Bayer CropScience Inc. has announced that it will be acquiring HyTech Production Ltd., a canola treating and packaging facility just north of Coaldale.

Bayer President and CEO Antoine Bernet says, as they look to increase their canola business, the company has been exploring ways to enhance their process and assets.

“With an expected increase in canola volume, the facility is perfectly located and designed to support Bayer’s Canola business today as well as enable future growth,” says Bernet.

In a media release, Bayer explains that it currently uses third-parties such as HyTech for canola treating and packaging.

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This acquisition will enable “a more seamless transition” from Bayer’s parent seed production site in Cranbrook, B.C. to its seed cleaning facility in Lethbridge.

HyTech co-CEO Cameron Van Roon says his company will will retain all of its other assets and full hybrid seed production capability.

“Committed to growth and anchored in quality and reliability, HyTech aims to enhance its offerings and explore innovative avenues in seed production, ensuring long-term value for its loyal customers and seed growers,” says Van Roon.

Employees who currently work in HyTech’s treatment and packaging facility will be transferred to Bayer.

The acquisition is tentatively set to close on November 1, 2024.

An official with Bayer was not unable to say what the dollar value of the deal is.

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