Montreal, April 24th, 2018 – La Coop fédérée announced today that it has finalized the acquisition of Standard Nutrition Canada (SNC), a Winnipeg-based company offering animal nutrition products and services. Their activities in Western provinces will be integrated within the livestock production sector of the Agri-business Division. Thus, they will become one of the most prominent players in the 4-billion-dollar Canadian industry.
Through this deal, La Coop fédérée’s agri-business division will extend its animal nutrition activities, already well established in Quebec and the Maritimes. The division is also already present in Western Canada in the crop production sector through its network of Agrico retailers, while La Coop fédérée’s meat processing division Olymel is active in Alberta through its Olysky swine production and processing activities. U.S.-based Standard Nutrition assets and activities are excluded from the transaction.
The conditions of the sale will not be disclosed. The transaction is final and all operations are now integrated within the livestock production sector of the Agri-business Division.
“Building upon our existing operations to expand our Canadian footprint is part of our growth plan” says Ghislain Gervais, president of La Coop fédérée. He adds, “Recently we invested in crop inputs and grain operations in Ontario. With the new acquisition of Standard Nutrition Canada, we are now pursuing the development of our agri-food business in Western provinces more specifically.”
Gaétan Desroches, chief executive officer of La Coop fédérée, explains, “This acquisition is in line with our sustainable growth plan in the Western Canadian provinces, with a partner that shares our values of responsibility and solidarity toward the producers that we serve, and that strive to tailor their service to their needs.”
“Standard Nutrition’s top-of-the-line products and services are at par with our high standards of quality and customer relationship. By combining findings from our world-class research program with Standard Nutrition’s personalized approach and highest level of expertise, we will deliver even more value and innovation to customers,” adds Sébastien Léveillé, executive agri-business vice-president of La Coop fédérée.
The transition will be seamless for current Standard Nutrition Canada customers, as key management and sales teams will remain in position.
Establishments included in the sale are:
Feed processing and grain-handling facilities and retail store in Winnipeg, Manitoba
Retail store and warehouse in Brandon, Manitoba
Premix facility, warehouse and retail store in Lethbridge, Alberta
Retail stores, offices and warehouses in Red Deer, AB, and Swiftcurrent, SK.
About La Coop fédérée
Founded in 1922, La Coop fédérée is the largest agri-food enterprise in Quebec and it is the 24th largest agri-food cooperative in the world. It represents more than 120,000 members, agricultural producers and consumers grouped into nearly 70 cooperatives with operations spread out among many Canadian provinces. La Coop employs more than 13,000 people and generates annual revenues of $6.3 billion. Including its affiliated network, La Coop fédérée has nearly 18,000 employees and consolidated revenue of $9.2 billion. Its activities are separated into three Divisions: Olymel S.E.C. (under the Olymel, Flamingo and Lafleur banners), the agri-business division (under the La Coop, Elite, Agrocentre Agrico and Agromart banners), and Groupe BMR under the BMR, Unimat, Agrizone and Potvin & Bouchard banners). For more information, visit www.lacoop.coop. Twitter: @LaCoop_federee
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