GrainCorp and its joint venture partner Zen-Noh Grain Corporation have agreed to sell its Canadian bulk grain handling business GrainsConnect Canada (GCC) to Canadian agribusiness Parrish & Heimbecker (P&H).
The move marks GrainCorp’s exit from its Canadian storage and logistics operations.
GCC chairman Charlie Colbert said that this is a historic moment for the business.
“We are incredibly proud of the strong foundation our teams have built since the inception of the business, and these facilities have served growers and customers with distinction,” Colbert said.
“As GrainsConnect evolves, we recognise that a transition to P&H, a trusted partner with a shared commitment to the Prairies, is the best path forward for these assets and the communities they support. We are confident that P&H will provide the right environment for GCC to reach new heights.”
The sale is subject to customary conditions and regulatory approvals, with completion expected in the first half of 2026.
The transaction will include GCC’s four high-capacity grain elevators in the Canadian Prairies at Redford and Maymont in Saskatchewan, and Huxley and Vegreville in Alberta, as well as the joint venture’s 50 per cent stake in the Fraser Grain terminal at the Port of Vancouver.
GCC director and GrainCorp chief operating officer Klaus Pamminger said the announcement reflects a clear and strategic decision to set GCC up for long-term success.
“P&H is a respected operator with deep experience in Western Canada, and they are well-placed to continue supporting growers and customer,” Pamminger said.
“We want to recognise and thank our teams for the capability, culture, and customer focus they have built over many years. This decision honours that work and ensure the business is positioned to thrive into the future.”
P&H chief executive officer John Heimbecker said the company is proud to continue strengthening its footprint in Canadian agriculture.
“This acquisition represents a natural evolution of our long-standing partnership with GrainsConnect Canada,” Heimbecker said.
“We have great respect for the quality of GCC’s facilities and the people who run them, and we look forward to building on that foundation. Being entrusted with the next stage of growth is a responsibility we take seriously, and we’re committed to ensuring growers continue to have competitive, reliable pathways to market.”
