It’s official!

G3 Global Grain Group has completed its purchase and now has the majority interest in the CWB.

G3 CEO Karl Gerrand says they will combine CWB and Bunge Canada's grain assets to form a new Canadian agribusiness  -- G3 Canada Limited. He says in doing this they give Canadian producers a new and competitive alternative for the marketing of their grain.

Ian White, CWB President and CEO, led the organization through the transformational process.He says CWB is pleased to complete the initiative to commercialize, adding they are pleased that Canadian grain producers will be able to continue to participate in the growth of the new company.

We’ll hear more from G3 CEO Karl Gerrand on Monday.