Canadian grain company Parrish & Heimbecker (P&H) has entered an agreement to sell grain facilities it acquired last year to global agribusiness giant Cargill, World Grain reported.
The agreement comprises three Western Canada grain elevators and a 50% stake in the Fraser Grain Terminal near Vancouver, British Columbia, according to the 25 June report.
Financial terms of the deal were not disclosed, and the companies said the transactions remained subject to a Competition Bureau Canada review and customary closing conditions.
The elevators in Vegreville and Huxley, Alberta province; and Reford, Saskatchewan, were acquired by P&H when it purchased GrainsConnect Canada (GCC) in 2025. They are all 35,000 tonne facilities equipped with 134 car rail loops.
As part of the December 2025 deal, P&H also acquired GCC’s 50% stake in the Fraser Grain Terminal, which was formed in 2017 as a joint venture between the two companies.
The terminal - located at Fraser Surrey Docks in the Port of Vancouver - ships bulk grain products including wheat, barley, oilseeds, pulses and other commodities.
According to its website, the terminal handles 3.5M tonnes/year of grain and oilseeds, and it has a total capacity of over 4M tonnes/year.
The terminal receives grains by rail and transfers its agri-products to storage silos with some product loaded directly onto vessels. From storage silos, most of the grain is loaded onto cargo ships and remaining products are transferred to containers or trucks. The terminal loads approximately 80-100 bulk vessels/year (around 1-3 vessels/week), including Panamax, Supramax and Handy-size vessels.
“These investments strengthen grain movement and export connectivity across Western Canada, helping connect Prairie farmers to domestic and global market opportunities,” Cargill was quoted as saying.
P&H said the grain elevators would continue to operate as usual during the regulatory and closing processes.
Following the Cargill agreement, the only grain elevator P&H would retain from the GCC acquisition would be in Maymont, Saskatchewan.
Cargill Canada is headquartered in Winnipeg, Manitoba, with business activities in beef, poultry and oilseed processing, and livestock feed manufacturing. It is also active in crop input product retailing, as well as grain handling, milling, salt distribution and merchandising.
P&H is a family-owned agribusiness based in Winnipeg with operations in grain handling and merchandising, crop inputs, flour milling, feed milling and animal nutrition, along with egg grading and processing, at more than 80 locations across the country.
Sosland Publishing’s 2026 Grain and Milling Annual said P&H had more than 90 locations across Canada and total grain storage of 23.4M bushels.
Commodities handled by the company include canola, corn, feed barley, malt barley, milling wheat, oats and soyabeans, and it also sources grain to supply flour milling and the food, animal nutrition and ethanol industries.
