Japanese food conglomerate, Itochu Corp. announced it acquired a 33.4 percent stake in HyLife Group, one of Canada’s leading pork producers.
HyLife is an integrated hog producer (from genetics, live production, feed mill to pork processing). Taking advantage of its integrated production system, HyLife supplies pork to markets around the world. It also supplies value-added specialty pork to the Japanese market meeting customer requirement by differentiated feeding.
HyLife is looking to expand its pork products in Japan and Asia through Itochu’s marketing network with a focus on China where consumption continues to grow. In the Chinese market, Itochu will expand the business with Longda Foodstuff Group, a partner of Itochu, through technical exchanges in the field of pig production.