Sofina purchases pork processing plant
A pork processing plant in Burlington, Ontario, Canada formerly belonging to Maple Leaf, will be sold off to Sofina Foods.
The firm, Sofina Foods announced that it will purchase the pork processing facilities, Fearmans Pork plant, and its related business from its US owner Sun Capital Partners for an undisclosed sum.
“This acquisition provides Sofina with secure access to high-quality raw materials that will allow us to grow our fresh meat markets and build and sustain our further-processed protein business,” said Sofina CEO Michael Latifi.
According to reports, Sun Capital bought the Burlington facility and the Fearmans trademark from Maple Leaf in late 2010.
“Management has effectively created an infrastructure and stabilised hog procurement, which assures the region’s hog farmers that they have a committed and capable partner. Sofina Foods is a natural steward for the next stage of (Fearmans’) growth,” Sun Capital co-CEO Marc Leder said.