P&H has made no annnouncements about its purchases either in 2010 or now. The deal for undisclosed financial terms includes Gray Ridge Eggs grading and farming operations and the Golden Valley and Global Foods egg-processing businesses.
Gray thanked his employees and farmers, noting that the business ran for 90 years. He said it is important to him that a Canadian acquired his business,
There has been no word about a long-standing lawsuit by Sweda Farms Ltd. which accused Gray and the late Joe Hudson of Burnbrae Farms of driving him out of the egg-grading business.
Some e-mails in a treasure trove of Gray’s documents indicated that the two colluded to carve up the wholesale egg market and inform each other of pending price increases.
They jointly bought Metzger Produce, one of the largest egg-grading stations they did not own at the time.
They jointly hold about 90 per cent of Ontario's egg-grading and egg-processing markets, are Ontario's largest holders of egg quota and run nation-wide egg-grading and marketing operations.
Sweda originally sued both of them and the Egg Farmers of Ontario marketing board, but a judge dismissed Burnbrae from the lawsuit after Sweda's lawyer, Don Good, failed to require Burnbrae to disclose its documents, including e-mails, related to the case.
Sweda's owner dismissed Good and sued him.
