Article Date 09/07/2019

Image from : La Presse

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 press release.

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