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Cargill / Parrish & Heimbecker Thunder-Bay Grain Terminal
May 2nd, 2013
Cargill, Incorporated Tel (952) 742-6000
P.O. Box 5625 Fax (952) 742-7393
Minneapolis, MN
55440
News Release http://www.cargill.com/news-center
Date: May 02, 2013
Cargill joins with Parrish and Heimbecker to own and operate Thunder-Bay grain terminal
WINNIPEG – Cargill today announced that it has signed a letter of intent to enter a joint venture agreement with Parrish and Heimbecker, Limited (P&H) that would have both companies jointly owning and operating Cargill’s existing Thunder-Bay, Ontario, grain terminal. The two companies will have an equal ownership in the joint venture.
“This is about creating a business arrangement that will help build a long-term sustainable business,” said Len Penner, President, Cargill Limited. “Both of our terminals have been underutilized in past years. With P&H as our partner, we’ll make the business stronger by sharing costs and efficiencies. In addition, our combined operations and expertise will help us better serve our customers,” he said.
Both Cargill and P&H currently operate out of the Thunder-Bay terminal port. This transaction will have Cargill sell its existing assets to the new joint venture and both parties will divert grain to the joint venture.P&H may in the future operate its terminal to handle commodities not handled by the joint venture. The parties intend to close the deal by May 31, 2013. The new name of the terminal will be determined at a later date.
“We are looking ahead at the promise that this new venture with Cargill will bring for our customers,” said John Heimbecker, Vice President, Parrish and Heimbecker, Limited. “Creating a long-term, sustainable model is what the industry needs to remain competitive, and together we can better adapt to those changes,” he said.
Union employees at both terminals share a common collective agreement and the new joint venture will continue to abide by the agreement currently in effect.
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About Cargill
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 142,000 people in 65 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit http://www.cargill.com.
About Cargill in Canada
Headquartered in Winnipeg, Cargill Limited employs more than 8,000 people in Canada, from British Columbia to New Brunswick. In addition to its diverse agricultural businesses, Cargill’s Canadian interests include enterprises in the food, manufacturing, financial and risk management industries.
About Parrish and Heimbecker
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State of the Art Facility Opens in Hamilton, Ontario
August 15th, 2012
The year 2009 marked Parrish and Heimbecker Limited’s 100th anniversary; a milestone achievement of service to the agricultural industry. Coast-to-coast across the company, P & H used the opportunity to toast to past success, celebrate the present, and look to the future. In 2011, we have opened another State of The Art Facility in Hamilton, Ontario.
Parrish and Heimbecker, Limited was a relatively small, family owned company just beginning to make a name in the agricultural industry in 1909. As our company grew, we established new business and assets across Canada and expanded into the world market. The trend continues today – P & H is now a prominent name in the agricultural industry – yet is still a family owned company that strives to meet the demands of both local and international customers.
P & H has a great history and an even more promising future. We are eager to build on our legacy of promoting, preserving and investing in the food community while providing excellent products and services to our consumers; this has been our key to success.
We will continue to operate and expand under this model into the next 100 years.
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Appointment of Mr. Jim Vancha P.Ag.
May 22nd, 2012
Parrish & Heimbecker, Limited is pleased to announce the appointment of Mr. Jim Vancha P.Ag. as Customer Service Manager for the proposed high throughput terminal west of Biggar, SK. The elevator is intended to provide grain marketing & handling services, agronomic advice & inputs as well as other services including condominium storage.
Jim has an extensive ag background with over 30 years of experience in various aspects of the industry, Jim and his wife Kathy are residents of the RM of Biggar and know the area and producers well.
Pending the start of construction P&H will open an office in Biggar at 220 Main Street.
Jim can be reached at the office @ (306) 948-1990, cell @ (306) 948-4393 or by email at jvancha@parheim.com.
Questions or comments may be directed to Jim in the office at Biggar or Jim McKerchar, Director, Operations & Capital Assets in Winnipeg @ (204) 987-4306.
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