Canada: Poultry processing co and production co merge
Olymel LP, a Canadian poultry and pork processing
company, has merged with poultry production company Groupe Westco Inc. in an
effort to strengthen the poultry industry in the Canadian Maritime provinces.
"In an open market and a very competitive environment, the poultry industry
should gain strength from this partnership, which brings together producers and
operators with complementary expertise that will make the poultry supply chain
for New Brunswick and the entire Maritimes more efficient," said, president and
CEO of Olymel, Réjean Nadeau, and president and CEO of Groupe Westco, Thomas
Soucy in a prepared statement. "Producers, poultry industry workers, and
consumers in New Brunswick and the entire Maritimes stand to benefit from the
synergy created by the partnership between Westco and Olymel LP."
As part of agreement, the two companies will develop and consolidate their
poultry production, slaughtering, cutting and deboning activities for the entire
Maritimes from New Brunswick.
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