Glencore confirmed on Wednesday that the controversial Bunge-Viterra merger deal has officially closed.

Viterra, formerly the Saskatchewan Wheat Pool, currently operates over 80 facilities across Canada.  On Viterra’s website it boldly states “Viterra is now Bunge”.  It also lists several perceived benefits of the collaboration, including the creation of a global, fully integrated agribusiness solutions company, the enhanced ability to meet the demands of increasingly complex markets, and the presence of a strong financial profile.

In a news release Greg Heckman, Bunge’s Chief Executive Officer said the deal will fulfill their shared purpose to connect farmers to consumers to deliver food, feed and fuel to the world.

However, the merger has also raised concerns about the effects of market consolidation, as the new entity would create a grain giant on par with Cargill and Archer Daniels Midland. Since the deal was announced, the Agriculture Producers Association of Saskatchewan and other farm groups have taken issue with the fact that allowing the merger would lead to decreased competition in the grain handling sector and hurt producers.

Bunge’s Canadian business is headquartered in Regina.