Wednesday, November 24, 2021

Préval buying American company

Préval AG of Quebec has acquired the assets of J&G Foods of Sutton Massachusetts.


J&G is a custom and specialty case-ready fresh meat provider specializing in quality, portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of marinated and value-added meats. 


Préval AG is owned and operated by the Quebec-based Fontaine family and controls food production “from farm to fork”. The agri-company generates more than $720 million in sales and employs more than 1400 in Canada, the U.S. and South America.


Fabien Fontaine, Préval AG president and founder, said “we are excited to add what is now J&G 2021 to our diversified family of companies.”


Préval A has six other meat companies, including Montpak International in Canada and Catelli Brothers in the U.S. that provide veal, lamb and beef processing and packaging to retail and food service customers throughout the Americas.


 The current J&G Foods president Bill Leva becomes chief executive officer and will continue to lead J&G 2021, along with the current management team. 


Tony Catelli, president and chief executive officer of Catelli Brothers, will also be president of J&G 2021 and manage Préval AG’s entire U.S. meat operations.


Préval AG is an agri-food company with 37 subsidiaries whose activities include animal husbandry and abattoir operations for veal, beef and lamb, transportation and meat processing, as well as large-scale crop and horticulture production and grain processing.


Headquartered in Saint-Hyacinthe, Quebec, Préval AG currently has more than 1400 employees in Canada, the United States and South America.