Canadian poultry and pork company Olymel has closed the transaction for the acquisition of all the shares of Pinty's Delicious Foods, an Ontario poultry slaughtering and processing company that specializes in fully cooked products and other related products.
This transaction was first announced in June and has since been approved by the Competition Bureau of Canada. The amount of this transaction will not be disclosed.
Headquartered in Burlington, Ontario, Pinty's employs 360 people. The company operates three processing plants, respectively located in Port Colborne, Paris, and Oakville, Ontario. Pinty's distributes its products throughout Canada and the United States under the brands Pinty's Food Service, Pinty's Pub & Grill, Pinty's Eat Well, Pinty's Perfect Portions and Pinty's Delicious Food Inc.
"Olymel is proud to welcome Pinty's employees and to continue the adventure that began more than 70 years ago by the Vanderlaan and Pintwala families who built a solid Ontario-based company that has become a gold standard in the Canadian poultry industry. We will continue this tradition while adding Olymel's experience and expertise and continuing the success of Pinty's brands in the Canadian market. In addition to Pinty's three facilities, Olymel also operates two poultry processing plants in Brampton, thus strengthening its presence in Ontario," says Réjean Nadeau, president and CEO of Olymel.
Both companies will continue their activities independently. Pinty's will continue to serve its current customers and honor its supply agreements according to the prevailing poultry market conventions in Ontario. Olymel has also been working closely with the Chicken Farmers of Ontario (CFO) to ensure a smooth transition and will pursue a relationship that will make the Ontario poultry industry prosper.
"Since last June, our two companies have had ample opportunity to get to know each other better and share their visions of the future. I am confident that Pinty's employees will recognize themselves in Olymel, a major Canadian company that has become a leader in its field in Canada in just a quarter of a century. With a Canada-wide presence and expertise in the processing and marketing of high-quality poultry products, Olymel will be able to breathe new life into Pinty's, to the benefit of our employees and suppliers as well as our clients and consumers," said Jack Vanderlaan, chair of the board, Pinty's Delicious Foods
Olymel now operates 12 poultry facilities, located in Quebec, Ontario and New Brunswick, serving the entire Canadian market under the Olymel, Flamingo and Galco brands. The company's production facilities also have the capacity to serve private brands.