LEADER, Sask.–Great Sandhills Terminal has entered into an agreement to be acquired by the Canadian Wheat Board.
“Today’s agreement brings together the strong reputations of both companies under one roof. CWB’s prized international brand and GST’s service excellence are just two of the reasons this acquisition is a win-win for all stakeholders. CWB, GST shareholders, our local community, and all of our farmer-customers that deliver grain to GST now and in the future,” said Wayne Hittel, Chairman of Great Sandhills Terminal, in a release.
“CWB and Great Sandhills Terminal have worked very well together for many years providing farmers with valuable marketing options. We look forward to providing an even stronger value proposition to farmers as a single company. This purchase strengthens CWB’s growing network of assets across Western Canada and provides the opportunity for an ongoing farmer ownership stake in GST through our Farmer Equity Plan,” said CWB president and CEO Ian White.
The agreement with Great Sandhills Terminal complements CWB’s recent acquisition of Prairie West Terminal by expanding CWB’s country assets in western Saskatchewan to include GST’s high-throughput grain handling facility near Leader, Saskatchewan and a majority stake in Great Sandhills Railway – a shortline railway operating 197 kilometers of track between Swift Current and Burstall, Saskatchewan, the release added.