GrainCorp and Zen-Noh Grain Corp. have agreed to sell their Canadian grain supply chain joint venture, GrainsConnect to Parrish & Heimbecker (P&H).
The binding agreement, announced earlier this week, values GrainsConnect at C$150 million on a cash-free, debt-free basis, with an additional payment to be made for net working capital at closing. The transaction remains subject to customary regulatory and closing conditions and is expected to be completed in the first half of 2026.
GrainsConnect is a 50-50 joint venture between Australia-based GrainCorp and Japan’s Zen-Noh, one of the world’s largest agricultural cooperatives.
The company’s major grain handling assets here in Canada include four high-capacity inland terminals in Alberta and Saskatchewan, and a shared interest in the Fraser Grain Terminal at the Port of Vancouver.