Paterson Grain has bought out Parrish & Heimbecker’s (P&H) share in Alliance Seed Corporation, the companies announced Dec. 8.
“P&H has been a great equity partner and a strong supporter of seed genetics in Canada, and we thank them for their many contributions to Alliance and the industry,” said Shane Paterson, director of trading and transportation at Paterson in a news release.
Winnipeg-based Alliance Seed began in 2009 as a joint venture between Paterson Grain (a division of Paterson GlobalFoods), Parrish and Heimbecker, Weyburn Inland Terminal of Weyburn, Sask.; North West Terminal (NWT) of Unity, Sask.; Prairie West Terminal of Plenty, Sask.; and Great Sandhills Terminal at Leader, Sask.
Read Also
Alberta crop conditions improve: report
Varied precipitation and warm temperatures were generally beneficial for crop development across Alberta during the week ended July 8, according to the latest provincial crop report released July 11.
With the recent sale, North West Terminal and Paterson are the two remaining shareholders.
“The joint venture, established in 2009, has proven to be mutually beneficial, creating synergies
that have contributed to the success of all shareholders. P&H looks forward to continuing on as a
channel partner with Alliance.” said Anthony Kulbacki, president of P&H’s grain division.
Alliance operations will not change as a result of this transaction, the news release said.
—Geralyn Wichers is associate digital editor of AGCanada.com. She writes from southeastern Manitoba.
