Parrish & Heimbecker, Limited, continues investment in grain supply chain with acquisition of 10 Louis Dreyfus Company locations
September 4, 2019 | Uncategorized
Deal significantly expands P&H’s grain and crop input footprint across Western Canada
WINNIPEG, MB. (Sept. 4, 2019) – Parrish & Heimbecker, Limited (P&H), announced today the strategic acquisition of 10 Louis Dreyfus Company (LDC) locations to significantly expand P&H’s grain and crop input offerings across new geographies as the company strengthens its leadership position in the grain supply and crop input markets.
P&H will acquire 10 LDC locations across Manitoba, Saskatchewan, Alberta and British Columbia, providing farmer customers with increased access to more competitive offerings in grain trading, handling and merchandising, as well as full-range crop input products backed by leading agronomic solutions. The company continues its capital investment in growing a more competitive grain supply chain across Canada, including expanding grain terminals, flour milling facilities, feed mills and elevators.
The 10 locations are:
- Tisdale, SK
- Wilkie, SK
- Aberdeen, SK
- Kegworth, SK
- Rathwell, MB
- Virden, MB
- Joffre, AB
- Lyalta, AB
- Rycroft, AB
- Dawson Creek, BC
“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,” says John Heimbecker, Chief Executive Officer, 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.”
“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,” says Heimbecker. “Acquiring geographically strategic assets from a global leader like LDC makes us better and stronger by an order of magnitude.”
P&H has invested heavily in assets and 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 strategically 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.
About Parrish & Heimbecker Ltd.
Parrish & Heimbecker, Limited (P&H) is a diversified Canadian owned family company that was incorporated in 1909. With offices from coast to coast and trade links around the globe, P&H’s grain business includes trading, handling, marine and rail freight management to both domestic and export markets. Divisions of P&H include the largest Canadian owned flour milling business P&H Milling Group, and New Life-Feeds. For more information on P&H visit www.parrishandheimbecker.com
CIBC Capital Markets acted as exclusive financial advisor to P&H in connection with the transaction and CIBC acted as sole arranger and bookrunner on the credit facilities for the acquisition.
For more information, please contact:
Parrish & Heimbecker, Limited