Parrish & Heimbecker is buying four inland grain elevators and the half of Fraser Grain Terminal in the Port of Vancouver that it does not own.
The other half is owned by GrainsConnect Canada which was formed in 2015 by Australia’s GrainCorp and Japan’s Zen-Noh Grain Corp.
P&H is getting four high-capacity grain elevators as well as GCC’s 50 per cent stake in Fraser Grain Terminal at the Port of Vancouver.
The deal is scheduled to close early next year and is rumoured to be worth $150 million.
