Management of La Coop fédérée, its Olymel and Sollio Agriculture divisions and Ange-Gardien company F. Ménard have announced an agreement to acquire all the F. Ménard assets in Montérégie, Québec.
F. Ménard is a family-operated business founded almost 60 years ago, and is a leader in the Quebec pork sector. The fully integrated company employs over 1,200 people and its activities range from genetics to marketing, by way of animal feed, breeding, slaughtering, and primary and further processing. The company has an annual production of over 1.1 million hogs reared in over 300 farms, which represents 15 per cent of all Québec production. It is also active in poultry production, but these activities are not part of the agreement.
This agreement includes the acquisition of hog farms owned by F. Ménard, a pork slaughtering, cutting and deboning plant located in Ange-Gardien, a pork product facility in St-Jean-sur-Richelieu, a further processing plant specialized in bacon production in Henryville, as well as a large transportation fleet, and finally two specialized butcher shops. All these assets will be managed by Olymel L.P.
The agreement also includes major milling operations with annual production in excess of 500,000 tonnes. These assets include 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 amount of the agreement will not be disclosed, and it is subject to approval by the Competition Bureau.