Hilton Foods to open first North American food park site, enters long-term supply agreement with Walmart Canada
By Food in Canada StaffBusiness Operations Meat &Poultry Editor pick Hilton Food Group Walmart
The Hilton Food Group, an international multi-protein food business, signs a long-term supply agreement with Walmart Canada. Hilton Foods will also open a new manufacturing facility in Eastern Canada to supply Walmart’s Supercentres with a range of protein products, starting with beef, lamb, pork, seafood and moving into some added-value products.
This partnership represents a significant step forward for both Walmart and Hilton Foods.
It is proposed that Hilton Foods’ newly formed subsidiary, Hilton Foods Canada, will finance the new food packing facilities, with commencement of production targeted for 2026.
Hilton Foods intends to lease the production facility and its investment in plant and equipment will be debt funded with principal expenditure commencing in 2024 and continuing throughout 2025. The Group’s leverage is expected to remain at comfortable levels during this investment phase.
Steve Murrells, Hilton Foods Group CEO, commented, “We are delighted to be partnering with Walmart. This agreement further extends our global footprint and will be our first manufacturing facility in North America. It is another sign of the strength of our customer offer, as well as growing consumer demand for high quality, affordable, protein products, which we can deliver through our scale, international experience, and supply chain expertise. Hilton Foods and Walmart share the same high standards of sustainability and we are looking forward to providing Walmart with the service and range of quality products for which Hilton Foods is known.”
Sam Wankowski, chief merchandising officer, Walmart Canada, added, “With our customers top of mind, we’re sparking change in the way Walmart Canada sources proteins in Canada. Our new agreement with Hilton Foods – their very first in Canada – is a win for our customers. We’re strengthening our delivery of quality products at low prices and with more sustainable packaging to Canadians, while still continuing to support Canadian farms and ranches.”
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