WINNIPEG, MANITOBA, CANADA — Parrish & Heimbecker, Limited (P&H), acquired 10 Louis Dreyfus Company (LDC) grain elevators to expand P&H’s grain and crop input offerings in Western Canada.
“This is an incredibly exciting day as P&H continues its investment in assets and terminals to provide farmers with local, best-in-class products and support, backed by a growing national grain asset network,” said John Heimbecker, chief executive officer of P&H. “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 and LDC who work to support them.”
The company continues its goal in growing a more competitive grain supply chain across Canada, including expanding grain terminals, flour milling facilities, feed mills and elevators.
The capacity for each facility being acquired are as follows according to Sosland Publishing Company’s 2019 Grain & Milling Annual:
- Tisdale, Saskatchewan – total upright storage capacity of 1,100,000 bushels
- Wilkie, Saskatchewan – total upright storage capacity of 1,100,000 bushels
- Aberdeen, Saskatchewan – total upright storage capacity of 1,100,000 bushels
- Kegworth, Saskatchewan – total upright storage capacity of 1,100,000 bushels
- Rathwell, Manitoba – total upright storage capacity of 1,469,760 bushels
- Virden, Manitoba – total upright storage capacity of 1,653,000 bushels
- Joffre, Alberta – total upright storage capacity of 1,400,000 bushels
- Lyalta, Alberta – total upright storage capacity of 1,700,000 bushels
- Rycroft, Alberta – total upright storage capacity of 881,856 bushels
- Dawson Creek, British Colombia – total upright storage capacity of 734,800 bushels
“Providing farmers with increased variety and more powerful combinations of crop input solutions is more important than ever as we look to drive yields and overall performance,” Heimbecker said. “Acquiring geographically strategic assets from a global leader like LDC makes us better and stronger by an order of magnitude.”
The new acquisitions come shortly after P&H’s plan to build a new crop input and grain facility in the Dugald, Manitoba, Canada, area. The facility will include 25,000 tonnes of grain storage, a loop track for continuous grain loading and movement as well as crop input facilities, including a fertilizer plant, chemical warehouse and seed treatment facility to serve customers in surrounding areas, including Transcona.
P&H continues to invest in its terminals to create a national grain asset network, including new grain elevator construction and export terminal expansions and upgrades. With 40 locations coast to coast, P&H facilities are located to match producer grain with the needs of both domestic and export end users in terms of quantity, quality, and logistical requirements. With over 1,500 employees and with customers in 15 countries, P&H continues its evolution as a diversified and vertically-integrated agribusiness.