Sofina Foods will acquire the assets of Exceldor Cooperative. The proposed transaction is subject to approval by Exceldor’s members and shareholders, who will vote during the cooperative’s upcoming AGM on June 5, 2025, as well as the Competition Bureau.“We are entering this next chapter with great enthusiasm. This agreement is a unique opportunity that will enable us to continue our activities in an increasingly competitive environment. The proposed acquisition by Sofina ensures the long-term legacy of generations of producers and employees who built the Exceldor Cooperative. It gives us the tools to strengthen our operations and create new opportunities for our producers and employees. It is also important to note that consumers will continue to enjoy high-quality Exceldor-branded products in Quebec and Granny’s-branded products in Manitoba – raised and processed in their respective provinces,” said René Proulx, president and CEO of Exceldor cooperative.(continue in article) (ICE TORONTO)

Fonte notizia: https://www.foodincanada.com/food-business/sofina-foods-to-acquire-exceldor-cooperative-160317/?cust