G3 Global Grain Group, a new agribusiness joint venture between Bunge Canada and SALIC Canada Ltd., has acquired majority ownership of CWB, the former Canadian Wheat Board. G3 will invest $250 million to establish a coast-to-coast Canadian grain enterprise that provides stronger market access solutions for growers at a time when global demand for Canadian agricultural products is increasing, G3 CEO Karl Gerrand said.
Federal Agriculture Minister Hon. Gerry Ritz welcomed
the investment. “The result of these new investments and jobs will provide a huge economic benefit to the grain sector and Canada’s overall economy,” he said.