GrainCorp and Zen-Noh Grain Corporation, joint shareholders of GrainsConnect Canada (“GCC”), today announced they have entered into a definitive agreement to sell 100 per cent of GCC to Parrish & Heimbecker, Limited (P&H).
The transaction includes GCC’s four high-capacity elevators at Reford and Maymont, in Saskatchewan, and Huxley and Vegreville, in Alberta, as well as GCC’s 50 per cent interest in Fraser Grain Terminal (“FGT”).
This agreement follows a comprehensive strategic review by the GCC Board to ensure the business is best positioned for long-term strength and competitiveness.
The transfer of these high-quality assets to P&H, an organisation with deep roots in Western Canadian agriculture, will support stability and ongoing investment for growers, customers and employees.
P&H has a longstanding partnership with GCC and its shareholders through Fraser Grain Terminal and welcomes the acquisition as a natural next step in strengthening its service offering to Canadian growers.
The transaction is expected to close in early 2026, subject to customary closing conditions and regulatory approvals. Until that time, operations will continue as usual, with a strong focus on safety, service and supporting employees and growers through the transition.
Quotes attributable to GCC Chairman, Charlie Colbert:
“We are incredibly proud of the strong foundation our teams have built since the inception of the business.
“These facilities have served growers and customers with distinction.
“As GrainsConnect evolves, we recognised 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.”
Quotes attributable to Director of GCC and Chief Operating Officer of GrainCorp, Klaus Pamminger:
“Today’s announcement reflects a clear, 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 customers.
“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 ensures the business is positioned to thrive into the future.”
Quotes attributable to CEO of P&H, John Heimbecker:
“P&H is proud to continue strengthening our footprint in Canadian agriculture, and this acquisition represents a natural evolution of our long-standing partnership with GrainsConnect Canada.
“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.”
ENDS
About GrainsConnect Canada
GrainsConnect Canada operates an integrated grain supply chain connecting Western Canadian growers to global markets. The network includes state-of-the-art facilities in Alberta and Saskatchewan, each equipped with 134-car rail loops to enable efficient transportation. The company works with local merchants at all facilities to provide clear trading terms and competitive pricing. For more information, please visit https://www.grainsconnect.com/.
About GrainCorp
GrainCorp is one of Australia’s largest integrated agribusinesses operating across the food, feed and fuel value chain, with a market-leading presence in grain storage, handling, processing, edible oils and feedstocks. With high-quality infrastructure assets and operations across Australia and New Zealand, and supported by a global network of offices, GrainCorp has connected regional producers with customers across nutrition, livestock and energy industries for more than 100 years. For further details, please visit www.graincorp.com.au.
About Zen-Noh Grain Corporation
Zen-Noh Grain Corporation (ZGC) is the US subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the art export elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. ZGC also has grain origination interests in North America and Brazil, and a forage processing business in Pasco, WA. For further details, please visit www.zgcusa.com.
About Parrish & Heimbecker
Parrish & Heimbecker, Limited (P&H) is a Canadian, family-owned agri-business, with roots in the agriculture industry dating back to 1909. P&H is growth-oriented, diversified and vertically integrated with operations including grain handling and merchandising, crop inputs, flour milling, feed milling and animal nutrition, as well as egg grading and processing. With over 90 locations from coast to coast, and trade links around the globe, P&H leverages its well-established network of assets, strong business relationships with customers and suppliers and ongoing infrastructure development to support Canadian agricultural producers. For further details, please visit https://parrishandheimbecker.com.
| GrainCorp Jess Simons Head of Corporate Affairs and Government Relations jess.simons@graincorp.com.au | Zen-Noh Grain Corporation Erin Condon Director, Marketing Communications & Gov’t Affairs erin.condon@zgcusa.com | Parrish & Heimbecker Monika Robertson Corporate Marketing Manager mrobertson@pandh.ca |
