en.Wedoany.com Reported - Cargill has reached an agreement with Parrish & Heimbecker, Ltd. (P&H) to acquire three grain elevators in Western Canada and a 50% stake in the Fraser Grain Terminal near Vancouver, British Columbia.
Cargill and P&H confirmed these agreements in statements provided to World Grain. Financial terms were not disclosed, and the companies said the transaction is subject to review by the Canadian Competition Bureau and customary closing conditions. The elevators involved in these agreements are located in Vegreville and Huxley, Alberta, and Reford, Saskatchewan, and were acquired by P&H when it purchased GrainsConnect Canada (GCC), a deal announced in December 2025. P&H also acquired GCC's 50% stake in the Fraser Terminal, which was originally a joint venture between the two companies.
The three elevators acquired by Cargill are 35,000-tonne facilities with 134-car rail loops. The Fraser Terminal, located at Fraser Surrey Docks in the Port of Vancouver, exports up to 4 million tonnes of wheat, barley, oilseeds, pulses, and other commodities annually.
Cargill stated that these investments strengthen grain transportation and export connections in Western Canada, helping to link farmers in the prairie provinces with domestic and global market opportunities. The company looks forward to working with employees, customers, and partners to support a smooth transition. P&H said the grain elevators will continue to operate as usual during the regulatory and closing process, and it is committed to supporting a smooth transition for employees, customers, and partners while continuing to serve farmers through its broader Canadian network.
Under the agreement with Cargill, the only grain elevator P&H will retain from the GCC acquisition is located in Maymont, Saskatchewan.
Cargill Canada Ltd., a subsidiary of Cargill headquartered in Minneapolis, Minnesota, USA, is based in Winnipeg, Manitoba, and operates in beef, poultry, and oilseed processing, as well as livestock feed manufacturing. It is also involved in crop input retail, grain handling, milling, salt distribution, and sales. P&H is a family-owned agribusiness headquartered in Winnipeg, operating at over 80 locations across the country, with businesses including grain handling and sales, crop inputs, flour milling, feed processing and animal nutrition, as well as egg grading and processing.
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