P&H selling newly acquired grain facilities to Cargill. 06.25.2026 WINNIPEG, MANITOBA, CANADA - Cargill has entered agreements with Parrish & Heimbecker, Ltd. (P&H) to acquire three Western Canada grain elevators and a 50% stake in the Fraser Grain Terminal near Vancouver, British Columbia. Cargill and P&H confirmed the agreements in statements provided to World Grain. Financial terms were not disclosed, and the companies said the transactions remain subject to Competition Bureau Canada review and customary closing conditions. The elevators in Vegreville and Huxley, Alberta, and Reford, Saskatchewan, were acquired by P&H when it purchased GrainsConnect Canada (GCC) as part of a deal announced in December 2025. P&H also acquired GCC's 50% stake in the Fraser terminal, which was formed as a joint venture between the two companies. The three elevators Cargill is acquiring are all 35,000-tonne facilities equipped with 134-car rail loops. The Fraser terminal is located at Fraser Surrey Docks, Port of Vancouver, and exports up to 4 million tonnes of wheat, barley, oilseeds, pulses and other commodities annually. "These investments strengthen grain movement and export connectivity across Western Canada, helping connect Prairie farmers to domestic and global market opportunities," Cargill said. "We look forward to working with employees, customers, and partners to support a smooth transition." P&H said the grain elevators will continue to operate as usual during the regulatory and closing processes. "P&H is committed to supporting a smooth transition for employees, customers, and partners while continuing to serve farmers through its broader Canadian network," P&H said. With the Cargill agreement, the only grain elevator P&H would keep from the GCC acquisition is in Maymont, Saskatchewan. Minneapolis, Minnesota, US-based Cargill's subsidiary Cargill Canada Ltd. is headquartered in Winnipeg, Manitoba, with business activities in beef, poultry and oilseed processing, and livestock feed manufacturing. It also engages in crop input product retailing, as well as grain handling, milling, salt distribution and merchandising. P&H is a family-owned agribusiness based in Winnipeg with operations in grain handling and merchandising, crop inputs, flour milling, feed milling and animal nutrition, along with egg grading and processing, at more than 80 locations across the country. Get better grain and ag industry search results. Adding And World Grain tells Google to prioritize World Grain stories.

Parrish & Heimbecker expands P&H Foods business with Atlantic Canada joint venture. Winnipeg, MB. (June 1, 2026) - Parrish & Heimbecker, Limited (P&H) is pleased to announce that its subsidiary, P&H Foods Inc., has entered into a joint venture with Atlantic Poultry Incorporated (API) to create a new company, P&H Foods Atlantic. The new company brings together P&H Foods' management expertise with API's established egg grading assets and deep knowledge of the Atlantic Canadian market. The joint venture represents a strategic step in expanding P&H Foods' presence in Eastern Canada and strengthening its ability to serve customers and producers across the region. Under the terms of the agreement, P&H Foods will lead the management of the grading operation, while API contributes its existing infrastructure and regional experience. "This joint venture marks an exciting new chapter for Atlantic Poultry Incorporated. Alongside P&H Foods, we will make significant investments in our operations - investments that will modernize our egg grading business, secure good local jobs, and deliver a major economic impact across our region. It will also allow us to give shoppers more choice, with an expanded product line at their local grocery store. After several years of working alongside the P&H Foods team, we know exactly who we are partnering with. P&H Foods shares our values and brings a long, proud tradition of standing behind farmers and farms. Together, as P&H Foods Atlantic, we will build a stronger, more competitive operation that creates lasting value for our employees, our producers, and our shareholders." - Mike Bannister, President & CEO, Atlantic Poultry Incorporated "This partnership reflects our continued commitment to growing our Foods business and investing in the future of Canadian agriculture. By combining our expertise with API's strong regional presence, we are well positioned to build a modern, competitive operation that supports producers, customers, and communities across Atlantic Canada. We're proud to partner with an organization that shares our values and long-standing connection to farmers and the agricultural industry" - John Heimbecker, Chief Executive Officer, Parrish & Heimbecker, Limited The transaction is expected to be completed this summer, subject to customary closing conditions. About P&H Foods Inc. P&H Foods Inc., a Parrish & Heimbecker company, serves customers across Ontario, Alberta, and British Columbia with trusted retail egg brands, while also supplying national and international markets with value-added and industrial egg products. For more information on P&H Foods visit www.phfoods.ca About Parrish & Heimbecker, Limited 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 food processing. With over 80 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 more information on P&H visit www.parrishandheimbecker.com About Atlantic Poultry Incorporated Atlantic Poultry Incorporated (API) is a private company, 100% owned and operated by Atlantic Canadian poultry farmers. Formed in 2012, API's roots trace back more than 80 years to ACA Cooperative Ltd., founded in 1943. API is a proud supporter of the poultry industry and provides feed, chicks, poults, and fresh table eggs year-round to customers throughout Atlantic Canada. At API, Parrish & Heimbecker, Limited is committed to feeding its communities through stewardship of the land and animals in its care, and to inspiring the next generation of Atlantic Canadian farmers. For more information on API visit www.atlanticpoultry.com Monika Robertson Corporate Marketing Manager Parrish & Heimbecker, Limited [email protected] Drew Redden Vice President - Sales & Corporate Development Atlantic Poultry Incorporated [email protected]

Parrish & Heimbecker has entered into a consent agreement with Canada's Competition Bureau regarding its proposed acquisition of grain handling assets, though the company disputes the regulator's competitive analysis. The Canadian agri-business emphasised the agreement does not reflect acceptance of the Commissioner's conclusions about competitive effects in Reford, Saskatchewan. Instead, PH said the decision was pragmatic, aimed at avoiding regulatory delays rather than agreeing with the Bureau's assessment. PH referenced the Competition Tribunal's 2022 Virden, Manitoba decision, which rejected the Commissioner's market definitions and found no substantial lessening of competition. The company maintains that competitive dynamics in Reford align with principles established in that ruling. Founded in 1909, PH operates over 80 locations across Canada in grain handling, flour milling, and food processing.