Olymel acquires Canada’s Triomphe Foods

Pork and meat processing firm Olymel has acquired all the assets of Canadian agri-food company Triomphe Foods for an undisclosed price.

Triomphe Foods is primarily engaged in the production and distribution of a wide range of deli meats and speciality hams within the Quebec market.

The transaction covers Triomphe Foods’ three production facilities, located in Laval, Blainville and Québec City respectively, as well as two distribution centres in Blainville and St-Léonard.

Triomphe Foods president and CEO Mélissa Latifi said: “Today, we are pleased to see that the great development potential of Triomphe Foods will be in the hands of other Quebec entrepreneurs who have made Olymel a world-class company.

“Olymel’s experience will be valuable and I am confident that our employees will continue to contribute to the success of their new company, as they have always done for Triomphe Foods.”

The acquisition forms part of Olymel’s wider growth strategy and will see the company assume ownership of a number of brands, including Tour Eiffel, Chef Georges and La Belle Bretagne, Nostrano, Alpina, Bilopage and Mother Hen.

Olymel president and CEO Réjean Nadeau said: “Olymel is proud to acquire a Quebec company renowned for the quality of its products and thus broaden our presence in several market segments, including baby food in particular.

“Through this acquisition and our own brands, Olymel will now have an even wider and more diversified range of value-added products, enabling us to serve a broad customer base, in addition to increasing our production capacities.”

The production and marketing of all Triomphe Foods’ brands is expected to continue following the acquisition.

The deal marks the Canadian meat processor’s second acquisition for the Canadian in less than a month.

Olymel previously announced the purchase of all the shares in Pinty’s Delicious Foods, which is primarily engaged in poultry slaughtering and processing, on 14 June.

The deal is subject to approval from the Competition Bureau.