Louis Dreyfus facility located south of Tisdale. (file photo/farmnewsNOW Staff)

By Alice McFarlane

Grain Handling Facilities Sold

P&H buys 10 Louis Dreyfus locations

Sep 4, 2019 | 2:48 PM

Parrish & Heimbecker Limited (P&H) is acquiring 10 Louis Dreyfus Company (LDC) locations in Saskatchewan, Manitoba, Alberta and British Columbia

Four of those LDC facilties are in Tisdale, Aberdeen, Wilkie and Glenavon. P&H also has a grain handling facility just west of Tisdale.

P&H Chief Executive Officer John Heimbecker said the purchases will expand the company’s grain and crop input offerings across new geographies.

“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,” Heimbecker said in a news release. “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,” Heimbecker said. “Acquiring geographically strategic assets from a global leader like LDC makes us better and stronger by an order of magnitude.”

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P&H has 40 locations across Canada with over 1,500 employees.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF