A western Saskatchewan ag retail chain has expanded its footprint in that region after closing a deal for a G3 grain elevator’s crop input business.
G3 announced Monday it had completed the sale of the ag input business adjacent to its elevator west of Plenty, Sask., to Saskatchewan input and bulk fuel dealer Rack Petroleum, a.k.a. The Rack. The dollar value of the sale wasn’t disclosed.
The fertilizer and input retail business at G3’s Prairie West elevator had operated at the site since before it became part of G3, the company said. Selling the retail side to The Rack “allows G3 to focus on its core grain handling business.”
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The Rack said it will operate the retail business and expand its agronomy offering, and will also make bulk farm fuel delivery available to the area.
“This move ensures that customers have continued and improved access to crop inputs services conveniently located alongside the G3 grain terminal,” G3 said.
Headquartered at Biggar, about 75 km northeast of Plenty, The Rack started in 1984 as a bulk fuel agent and expanded into crop input supply and service, then became a stand-alone independent retail business under its current name in 2001.
Along with its Biggar and Plenty operations, The Rack today has retail offices in nine other western Saskatchewan communities.
“The Rack is focused on being a leader of innovation and offering science-backed knowledge and we look forward to gaining the trust of local producers to meet their needs as we continue to support rural Saskatchewan,” Rack CEO Dennis Bulani said in G3’s release.
The Plenty elevator and retail operation came to G3 — then known as CWB — in 2014, when it bought full control of farmer-owned grain handler Prairie West Terminal, which built the concrete terminal there in 1998. — Glacier FarmMedia Network
CORRECTION FROM SOURCE, July 20, 2022: An earlier version of this article incorrectly identified The Rack’s CEO.
