Competition Bureau challenges Manitoba grain elevator purchase

The Competition Bureau is challenging the acquisition of a grain elevator in Manitoba by Parrish and Heimbecker from Louis Dreyfus Co.

The bureau says it has filed an application with the Competition Tribunal seeking an order requiring P&H to sell either its own elevator in Moosomin, Sask., or the newly acquired elevator in Virden, Man.

The regulator says P&H controls both grain elevators which were close competitors along a 180-kilometre stretch of the Trans-Canada Highway.

The acquisition eliminates the rivalry, the bureau says.

P&H announced in September a deal to acquire 10 Louis Dreyfus locations across Manitoba, Saskatchewan, Alberta and British Columbia.

The deal significantly increased its grain and crop input footprint across Western Canada.

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