"The result of the Great Sandhills Terminal shareholder vote is a resounding affirmation of farmers' level of confidence in CWB's strategic direction, and in our ability to be a strong and viable competitor in the Western Canadian marketplace," said CWB President and Chief Executive Officer Ian White. "This deal strengthens our presence in western Saskatchewan with the addition of another large-capacity grain terminal and officially puts us in the short-line railway business."
The acquisition of Great Sandhills Terminal includes a 23,400-tonne capacity high-throughput grain handling facility near Leader, Saskatchewan, Canada, and a majority stake in Great Sandhills Railway, a shortline railway operating 197 kilometers of track between Swift Current and Burstall, Saskatchewan, Canada.
"CWB continues to build a strong network throughout the grain marketing supply chain through the purchase and construction of assets in the country and at port," said White. "As CWB continues to grow, we become more attractive to farmers looking at the potential long-term benefits of choosing to deliver to CWB. All tonnes delivered to any of our facilities or through our grain-handling partners continue to be eligible for an equity interest in CWB under CWB's Farmer Equity Plan."
