Olymel/ATRAHAN pork partnership okayed
Plans now underway to merge the pork processing operations of both companies.
February 25, 2016
by Canadian Packaging staff
The Competition Bureau of Canada has approved a proposed “business partnership” between pork processors Olymel LP and ATRAHAN Transformation Inc., one year after the initial proposal was announced.
Opening its doors in 1956, the Yamachiche, Que.-based ATRAHAN is a family-business supplying pork products to over 50 countries, and is considered to be one of Canada’s leading pork meat suppliers.
The 25-year-old Olymel, via its own brands such as Flamingo, Olymel and Lafleur, calls itself the Canadian leader in the production, processing and distribution of pork and poultry meats, whose products can be found in over 65 countries. It is headquartered in Saint-Hyacinthe, Que.
With the okay from Competition Bureau, Olymel and ATRAHAN will merge hog slaughtering, butchering and processing operations, with the deal expected to close within weeks.
“Olymel will do everything possible to ensure that the sum of the expertise and know-how possessed by our two companies will enable us to benefit from the synergies generated by this transaction,” states Olymel president and chief executive officer Rejean Nadeau. “We welcome the managers and all 350 employees of ATRAHAN Transformation Inc. into this new partnership.”
Terms of the partnership agreement were not disclosed.
For more information on ATRAHAN, visit www.atrahan.com.
For company information on Olymel, visit www.olymel.ca.