Cargill agrees to buy three P&H grain facilities and stake in Fraser export terminal
The deal expands Cargill‘s grain handling network in Western Canada as the company continues to invest in its global food and agriculture business.
CANADA – Cargill has signed agreements with Parrish & Heimbecker (P&H) to acquire three grain elevators in Western Canada and a 50% stake in the Fraser Grain Terminal near Vancouver, British Columbia, adding to its grain handling and export capacity in the region.
The companies did not disclose the value of the deal. They said the transaction still requires approval from Competition Bureau Canada and must meet the usual closing conditions before completion.
The three grain elevators are located in Vegreville and Huxley, Alberta, and Reford, Saskatchewan. P&H gained ownership of these facilities after buying GrainsConnect Canada (GCC) in a deal announced in December 2025. That transaction also gave P&H GCC’s 50% interest in the Fraser Grain Terminal, which the two companies previously owned together.
Each of the three elevators can store 35,000 tonnes of grain and includes a 134 car rail loop. The Fraser Grain Terminal operates at Fraser Surrey Docks in the Port of Vancouver and exports up to four million tonnes of wheat, barley, oilseeds, pulses and other agricultural products each year.
Cargill said the purchase will help improve grain movement across Western Canada while supporting access to local and international markets.
“These investments strengthen grain movement and export connectivity across Western Canada, helping connect Prairie farmers to domestic and global market opportunities,” the company said. “We look forward to working with employees, customers and partners to support a smooth transition.”
P&H said the grain elevators will continue operating normally while regulators review the transaction.
“P&H is committed to supporting a smooth transition for employees, customers and partners while continuing to serve farmers through its broader Canadian network,” the company said.
Once the sale closes, Maymont, Saskatchewan, will be the only grain elevator from the former GCC network that remains under P&H ownership.
The latest agreement follows another major investment by Cargill earlier this month. In June, the company announced a €56 million (US$64.99 million) investment across three facilities in Belgium.
The funding includes €30 million (US$34.82 million) for a gourmet chocolate plant in Mouscron, €21 million (US$24.37 million) for its edible oils bottling facility in Izegem, and €5.4 million (US$6.27 million) for research facilities in Vilvoorde.
The projects aim to increase production capacity, improve packaging operations and strengthen food research across Europe.
Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
