La Coop fédérée acquisition of F. Ménard approved by Canada

La Coop fédérée, Canada, and its divisions Olymel and Sollio Agriculture have acquired all the assets of Ange-Gardien company F. Ménard.

Canada’s Co-operation Bureau gave its approval for the acquisition on 28 November.

The deal was announced in July this year, when La Coop fédérée, along with its divisions, signed an agreement to acquire all the pork-processing and milling assets of F Ménard in Canada.

Established in 1961, F. Ménard is engaged in the production, processing and marketing of pork meat, as well as in milling activities. La Coop fédérée and its divisions will acquire hog farms, pork processing plants, two mills, two specialised butcher shops and a transport fleet.

La Coop fédérée president Ghislain Gervais said: “Two leaders of the agri-food production and processing sector will now join forces to grow as part of La Coop fédérée and push the limits of their respective markets.

“By acquiring F. Ménard, Olymel and Sollio Agriculture will provide Canada with one of the biggest agri-food companies in both the meat and milling sectors. This acquisition strengthens our ability to compete with world-class companies and consolidate our position in domestic and international markets.”

The deal is expected to close in January next year. Financial details of the deal have not been disclosed by the company.

Ménard executive director Luc Ménard said: “The Competition Bureau has just authorised a transaction that represents the best possible solution for the continued growth of the company to which our family has dedicated its heart and soul for nearly 60 years.”