Olymel Pinty’s acquired

by Editor fleischwirtschaft.com
Tuesday, June 19, 2018
Photo: Pinty's
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poultry Canada acquisition


Olymel L.P. announced plans to acquire all the shares of Pinty’s Delicious Foods Inc., a poultry slaughter and processing company based in Burlington, Ontario.

Pinty’s operates processing plants in Port Colborne, Paris and Oakville, Ontario. The company specializes in fully cooked products that can be found throughout Canada and the United States under the Pinty’s Food Service, Pinty’s Pub & Grill, Pinty’s Eat Well, Pinty’s Perfect Portions and Pinty’s Delicious Foods brands.

Jack Vanderlaan, executive chairman of Pinty’s, said, “The owners and management of Pinty’s Delicious Foods are happy to have found a Canadian buyer. We are confident that Olymel will grow our company and ensure it a promising future. I truly believe that our employees will benefit from the advantages of working for a large group like Olymel, a company that has a unique expertise in the processing and marketing of poultry products. We are proud of the company and the business network that we have built around Pinty's brands for decades and I am certain that this transaction will also benefit our customers and consumers.”

Pinty’s employs 360 workers who will continue to work within the company. The transaction is subject to the approval of Canada’s Competition Bureau. Meanwhile, Pinty’s and Olymel will continue their activities separately and independently. However, Olymel said the Pinty’s acquisition is part of the company’s strategy to strengthen its position in the pork and poultry slaughtering and processing industry.

While Pinty’s operates three poultry processing plants, Olymel operates seven poultry slaughtering and processing facilities in Quebec, Ontario and New Brunswick enabling the company to serve the entire Canadian market. Olymel brands include Olymel, Flamingo and Galco. The company also makes products for private label brands.

“Olymel is confident that this transaction will benefit our development and growth,” said Réjean Nadeau, president and CEO of Olymel, in a statement. “We are proud to welcome the employees of Pinty’s Delicious Foods Inc. Over the past 70 years, Pinty’s has developed great expertise on the Canadian and American markets by offering innovative and exclusive products under brand names that have become extremely popular with many consumers and customers.

“We know that this family business has been served by passionate owners throughout its history,” Nadeau added. “We are also pleased to invest and strengthen our presence in Ontario and on the Canadian market.”

 

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