Richardson International
| Privately Held | |
| Industry | Agriculture, Food Production |
| Founded | 1857 |
| Headquarters | Winnipeg, Manitoba, Canada |
Key people | Curt Vossen, President & CEO |
| Products | Grains, Oilseeds, Food Production, Processing, Canola, Oats |
| Revenue | $28.624 Billion |
Number of employees | 2,500 |
| Website | Richardson International |
Richardson International is a privately held Canadian agricultural and food industry company headquartered in Winnipeg, Manitoba. Richardson is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically-integrated processor and manufacturer of oats and canola-based products. Richardson has over 2,500 employees across Canada and the U.S. 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.
Divisions
Richardson International is a vertically integrated company, with facilities across Canada and the United States. Headquartered in Winnipeg, Richardson has regional offices in Regina, SK (Richardson Pioneer) and in Boucherville, QC.
In Western Canada, Richardson operates a network of grain handling and crop input facilities under the banner of Richardson Pioneer Ag Business Centres.
Richardson operates port terminals in five cities under the Richardson brand.
Richardson Oilseed processes canola for oils, sprays and margarine for use by Richardson Nutrition as well as many third party customers. Richardson was the first company to market canola oil.
Richardson Nutrition markets canola products, including under the consumer brand Canola Harvest
Richardson Milling processes oats and wheat in Canada and the USA.
History
James Richardson and Sons Ltd
The Richardson family has been synonymous with the grain industry in western Canada from the early days of settlement to the present. James Richardson came to Canada from Ireland in 1822 or 1823.[1] He started in Kingston, Ontario with a tailor shop, and when he took payment in grain, he was forced into the grain business. He gave up his tailor shop, and with his two sons formed James Richardson and Sons in 1857.
- The first Richardson elevator was built at Kingston in 1882, and another at Neepawa, Manitoba in 1890.
- James Richardson was to arrange the first shipment of wheat from western Canada through the lake system to Liverpool, England in 1883.
- In 1912, James Armstrong Richardson, Sr. became Vice-President, becoming President in 1919 of his grandfather's company.
- In 1925, at Moose Jaw, James Richardson & Sons stablished a radio station with the call sign CJRM.[2] The radio business was exited in the 40s.
- Western Canada Airways was formed in 1926 by James Armstrong Richardson, Sr. Western Canada Airways merged into Canadian Airways in 1930.[3]
- James Armstrong Richardson was a Canadian Cabinet minister under Pierre Trudeau.
- George T. Richardson led the company through many large changes.[4]
Grain and Crop Inputs Operations
Pioneer Grain and Richardson Pioneer
- In 1913, the Richardsons formed two subsidiaries: Pioneer Grain Company Ltd. and Eastern Terminals Ltd. By then the company had twenty-six licensed elevators, sixteen of which were in Saskatchewan.
- By 1921, Pioneer had expanded to over 100 country elevators.
- In 1931, forty-four elevators of the Saskatchewan and Western Elevator companies were amalgamated into Pioneer; these elevators had been operated by the Richardsons since the mid-1920s.
- In 1947, Pioneer acquired twenty-three elevators from the failed Reliance Grain Company.
- In 1952, it purchased 146 elevators when the Western Grain Elevator Company was sold; Federal Grain also took some of Western’s elevators.
- In 1953, Pioneer acquired another twenty-two elevators of the Independent line.
- When Federal was sold in 1972, Pioneer became the largest private grain company.
- In 1979, A 112,000-metric tonne Pioneer Grain port terminal was officially opened in Vancouver. It was capable of loading ships at 140,000-bushels per hour.
- Over a 10-year period starting in the mid 90s, Richardson Pioneer built numerous concrete grain terminals across the prairies. These modern facilities were much larger and more efficient than the old wooden elevators. Most wooden elevators were closed and have since been torn down. In 1994 the first terminal was constructed at Glossop, Manitoba. Terminals were also constructed at Lamont, Carseland, Swift Current, North Battleford, Lloydminster, Saskatoon, Melfort, Tisdale, Southey, Balgonie, Weyburn, Whitewood, Foam Lake, Brunkild, Brandon.
- A large growth and acquisition process began in 2005 with the purchase of 4 terminals from ConAgra Foods and 4 adjoining crop input centres were purchased from United Agri Products in 2006.
- James 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 elevators in Manitoba, Saskatchewan, and Alberta, and was paid a $35 million termination fee from Agricore.[5]
- In 2007, James Richardson & Sons Ltd celebrated their 150th year with celebrations across Canada for current and past staff and customers.
- In 2008, James Richardson International was rebranded as Richardson International and Pioneer Grain became Richardson Pioneer.
- From 2010 to 2012, Richardson Pioneer continued to expand the Western Canadian footprint with the purchase of 5 crop input centres and 1 grain terminal in Alberta plus 3 crop input centres and 1 grain terminal in Saskatchewan. The Saskatchewan purchases were all part Northeast Terminals a local farmer owned facility.
- In March 2012 Richardson International along with Glencore and Agrium announced they were purchasing Viterra in a 3 way split of that company. Richardson would acquire 19 grain elevators, the oat and wheat milling business in Canada and the US, a terminal in Thunder Bay and a share of Cascadia terminal in Vancouver. This deal closed May 1, 2013.
- In 2013 Richardson Pioneer celebrated their 100th year with celebrations across Western Canada around July 26.
- From 2013 - 2015, many expansions and enhancemenus took place at grain and crop input centres. A new terminal was opened in Estevan, SK in time for the harvest. Construction began in 2013 at the Vancouver terminal. Richardson plans to add 80,000 mt of storage at this facility completed in fall 2015. Work began on a new terminal in Dauphin, MB to replace the existing smaller elevator. It will be completed in 2016.
Food Processing
Richardson Oilseeds and Richardson Milling
- In 1999 Canbra Foods in Lethbridge was acquired. Canola crushing as well as packaging oils and margarine happen here. The Canola Harvest brand is Richardson's retail brand of products.
- In 2008, Canbra Foods was rebranded. The canola crushing operations became known as Richardson Oilseeds and the food manufacturing business became known as Richardson Nutrition.
- Richardson Oilseeds opened a new canola crushing plant in Yorkton, Saskatchewan in July 2010. At the time of opening this plant was designed for 2,300 mt per day. In 2014, an expansion will be completed for 3,000 mt per day to be processed.
- In 2011 Richardson Nutrition purchased Innovative Foods in Mississauga, Ont and Sussex, New Brunswick to further expand its canola oil packaged goods business. An $15M expansion of the packaging plant in Lethbridge was started this same year.
- On May 1, 2013 a new division was formed as part of the Viterra transaction - Richardson Milling.
- In June 2015, Richardson purchased Golden Gate Margarine- a retail packaging business based on Oakville, Ontario adding to the Richardson Nutrition locations.
Locations
As of Dec 2013
Western Canada
- British Columbia - Richardson International Vancouver terminal, Richardson Pioneer in Dawson Creek and Fort St John and ownership of Prince Rupert Grain Terminal
- Alberta - Over 30 Richardson Pioneer Ag Business Centres, Richardson Oilseeds canola crushing facility in Lethbridge, Richardson Nutrition in Lethbridge, Richardson Milling in Barrhead
- Saskatchewan - Over 40 Richardson Pioneer Ag Business Centres and a Regional office in Regina, Richardson Oilseeds in Yorkton, Richardson Milling in Martensville
- Manitoba - Head Office at Winnipeg, 20 Richardson Pioneer Ag Business Centres, Richardson Milling in Portage la Prairie, and Kelburn Farm, a 500-acre Research farm south of Winnipeg.
Eastern Canada
- Ontario - Richardson International has two export terminals in Thunder Bay and 1 grain terminal at Hamilton. Richardson Nutrition has packaging plants in Mississauga and Oakville
- Quebec - Richardson International has 1 export terminal at Sorel and a Regional office in Boucherville
- New Brunswick - Richardson Nutrition has 1 packaging plant in Sussex
International
- United States - Richardson Milling operates 1 oat mill in South Sioux City, Nebraska and an office and research centre in Liberty, Missouri
- in 2016, Richardson sold a wheat mill in Dawn, Texas that was acquired from Viterra in 2013.
- Europe / Asia - Richardson International has regional grain offices in Geneva, Singapore and Hong Kong
References
- ↑ Osborne, Brian, S. (1990). Dictionary of Canadian Biography, Vol. XII 1891-1900. University of Toronto/Université Laval.
- ↑ http://www.broadcasting-history.ca/index3.html?url=http%3A//www.broadcasting-history.ca/listings_and_histories/radio/histories.php%3Fid%3D207%26historyID%3D71
- ↑ http://www.bushplane.com/operators/histories-wca/
- ↑ http://www.theglobeandmail.com/news/national/george-taylor-richardson-adventurer-with-phd-in-common-sense/article18833857/?page=all
- ↑ Staff Writer. "Sask. Wheat Pool, Agricore agree on new takeover deal." CBC. May 9, 2007.