The Competition Bureau has reached an agreement with Parrish & Heimbecker, Limited (P & H) to address concerns related to its proposed acquisition of GrainsConnect Canada Operations Inc. (GrainsConnect).
The Bureau found that the transaction would reduce competition for the purchase of wheat from farmers in the region surrounding Reford, Saskatchewan.
Parrish & Heimbecker and GrainsConnect own and operate grain elevators in Western Canada. These elevators are critical infrastructure where farmers sell their crops. Competition between elevators ensures buyers compete for farmers' grain.
To address the Bureau's concerns, P & H has agreed to sell GrainsConnect's grain elevator business in Reford, Saskatchewan to a buyer to be approved by the Commissioner of Competition. The sale will help ensure that farmers in the region continue to benefit from competition when selling wheat and other grains.
Until the sale is completed, the agreement requires P & H to keep the grain elevator business in Reford operating normally.
