La Coop fédérée to acquire F Ménard’s pork-processing assets

La Coop fédérée, along with its Olymel and Sollio Agriculture divisions, has signed an agreement to acquire all the pork-processing and milling assets of F Ménard in Canada.

Under the terms of the agreement, La Coop fédérée will acquire all hog farms owned by F Ménard, a pork slaughtering, cutting and deboning plant located in Ange-Gardien, and a pork product facility in St-Jean-sur-Richelieu.

The deal also includes a processing plant that specialises in bacon production located in Henryville, as well as a large transportation fleet and two specialised butcher shops.

The Ange-Gardien pork production facility in Henryville will be managed by Olymel.

La Coop fédérée executive committee president Ghislain Gervais said: “La Coop fédérée is proud to participate in this agreement that will enable F Ménard, a leader in Quebec agri-food production, to pursue its development within Olymel and Sollio Agriculture.

“Olymel has all the resources and expertise to help F Ménard grow, take its expertise further and leverage the growth resulting from this agreement to compete even more effectively with world-class companies in all markets.”

Ménard is engaged in the poultry production sector, but these activities will not be part of the deal.

The company has an annual production of over 1.1 million hogs that are reared at more than 300 farms, representing 15% of Quebec’s production.

The agreement also includes two mills located in Saint-Pie-de-Bagot and Ange-Gardien, as well as grain storage and drying facilities in Sainte-Brigide-d’Iberville. The milling operations have an annual production of more than 500,000t.

Completion of the deal is subject to approval by the Competition Bureau. Until then, the companies involved in the agreement will continue as independent business entities.

Financial details of the agreement have not been divulged.