MONTREAL — Canada’s Competition Bureau has given the green light to La Coop fédérée to acquire all the assets of Ange-Gardien company F. Ménard.
This transaction, whose amount will not be disclosed, is expected to close on Jan. 6, 2020, once all the provisions of the agreement between the parties have been fulfilled.
“Two leaders of the agri-food production and processing sector will now join forces to grow as part of La Coop fédérée and push the limits of their respective markets. By acquiring F. Ménard, Olymel and Sollio Agriculture will provide Canada with one of the biggest agri-food companies in both the meat and milling sectors. This acquisition strengthens our ability to compete with world-class companies and consolidate our position in domestic and international markets,” says Ghislain Gervais, president of La Coop fédérée.
F. Ménard employs more than 1,200 people and specializes in the production, processing and marketing of pork meat, as well as in milling activities, and is responsible for more than 15 per cent of Quebec’s pork production.
“I’m confident this transaction will allow us to continue to serve our customers with excellent products and to pursue mutually beneficial business relationships with our suppliers,” says Luc Ménard, executive director of F. Ménard.