Sofina Foods Inc. has made a deal to buy Exceldor Co-operative which has poultry processing plants at Hanover, Ont., two in Quebec and one in Manitoba.
The deal needs to clear examination by the federal Competition Bureau and from shareholders.
Exceldor President and CEO René Proulx said the acquisition would preserve the legacy of the cooperative’s producers and employees, while maintaining local production of branded products in Quebec and Manitoba.
Sofina Chairman and CEO Michael Latifi said the move reinforces Sofina’s commitment to investing in Canada’s poultry sector and growing key brands nationwide.
Sofina is a major meat processor in Ontario with a large hog-slaughtering plant in Burlington, a poultry processing plant in Listowel, and a hog packing plant in Mitchell, Fearmans Pork, Fletcher's, Vienna, Quality Meats, San Benedetto, Lavazza and Rio Mare.
It markets under Masgtrro, Lilydale, Janes and San Daniele, Fearmans Pork, Fletcher's, Vienna, Quality Meats, San Benedetto, Lavazza and Rio Mare band names.
It has 18 facilities in Canada and one in northern United Kingdom.
