Parrish and Heimbecker added 10 grain handling plants to the company’s 40 outlets with a purchase from Louis Dreyfus.
Price wasn’t disclosed.
Of the 10 locations, four are in Saskatchewan —Tisdale, Aberdeen, Wilkie and Kegworth — three in Alberta – Joffre, Lyalta and Rycroft — two in Manitoba at Virden and Rathwell, with one at Dawson Creek, B.C.
“This is a win-win for farmers seeking a more competitive grain and crop inputs offering as well as for the stakeholders within P&H,” John Heimbecker, P&H CEO said in a news release.
“Providing farmers with increased variety and more powerful combinations of crop input solutions is more important than ever.
“Acquiring geographically strategic assets from a global leader like LDC makes us better and stronger…”
The acquisition will make P&H Canada’s third-largest grain handler.
Dreyfus will keep the Port Cartier oilseed and grain facility and the $65 million Yorkton canola crushing plant.
The 110-year-old Parrish and Heimbecker has 1,500 employees and does business in 15 countries.
P & H already has a 52,000 tonne plant at Tisdale. The acquisition adds a 41,000 tonne plant there.
The company operates the former Robin Hood Four Mill in Moose Jaw to buy grain.
P&H operates grain elevators, feed mills, flour mills and port terminals.
Ron Walter can be reached at [email protected]
