Maple Leaf Foods to acquire pair of Canadian poultry facilities
By Canadian Packaging staffGeneral Cericola Farms Maple Leaf Foods Inc. poultry processing company acquisition
Cericola Farms agrees to sell a poultry plants in Ontario and one in Quebec to Maple Leaf Foods.
Maple Leaf Foods Inc. has agreed to purchase two poultry plants owned by Cericola Farms.
The plants are located in Drummondville, Que. and Bradford, Ont., producing a combined 32-million kilograms of chicken annually.
Both Cericola processing plants utilize air-chilled technology, processing poultry that are antibiotic- and animal by-product-free, as well as organic poultry.
According to the Mississauga, Ont.-based Maple Leaf Foods, it has also agreed to purchase 100 percent of the processed chicken volume from Cericola’s main processing facility in Schomberg, Ont.
With the deal, Maple Leaf earns the right to acquire the Schomberg facility and plant supply within the next three years, should it desire.
Financial terms of the deal were not divulged.