La Coop fédérée and its Olymel and Sollio Agriculture divisions reached an agreement
Source Cision Newswire
Management of La Coop fédérée, its Olymel and Sollio Agriculture
divisions and F. Ménard announced today an agreement to acquire all the
assets of Ange-Gardien company F. Ménard, in Montérégie, Quebec.
A family business that was founded almost 60 years ago by Fulgence
Ménard and is still run by members of his family, F. Ménard 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% of all Quebec production.
F. Ménard is also involved in the poultry production sector, but these activities are not part of the agreement.
This agreement, for which the amount will not be disclosed, is
subject to approval by the Competition Bureau. Until then, the companies
involved in this agreement will continue their usual activities
independently and will make no comments beyond those contained in this