Olymel buys Quebec processor Triomphe Foods and brands
Olymel has announced the acquisition of all assets of Triomphe Foods, an agrifood company with a strong presence in the Quebec market and mass distribution network that is particularly known for its production of a wide range of deli meats and specialty hams.
Triomphe Foods employs more than 250 people, and this transaction includes three production facilities, located in Laval, Blainville and Quebec City respectively, as well as two distribution centres in Blainville and St-Leonard. The price of this transaction will not be disclosed.
Through this acquisition Olymel also becomes the owner of the brands Tour Eiffel, Chef Georges and La Belle Bretagne (hams and pates), Nostrano (Italian deli meats), Alpina (Eastern European deli meats), Bilopage (cretons and head cheese) and Mother Hen, a well-known brand specializing in baby food production including organic fruit and vegetable purees and meat purees.
The production and marketing of all Triomphe Foods products and brands will continue, and the acquired company will have autonomous management, Olymel said.
Olymel, the St-Hyacinthe-based meat packing and processing arm of Quebec agrifood co-operative La Coop federee, said it’s “proud to acquire a Quebec company renowned for the quality of its products and thus broaden our presence in several market segments, including baby food in particular.”
“Through this acquisition and our own brands, Olymel will now have an even wider and more diversified range of value-added products, enabling us to serve a broad customer base, in addition to increasing our production capacities,” Olymel CEO Rejean Nadeau said in a release.
This is the second major acquisition for Olymel in less than a month. On June 14, the company announced the purchase of all the shares of Pinty’s Delicious Foods, an Ontario poultry slaughtering and processing company specializing in fully cooked and other related products, subject to Competition Bureau approval.
Olymel continues its expansion in Quebec and elsewhere in Canada, in both the fresh and processed pork and poultry sectors. Since 2015, Olymel has invested more than $800 million in its growth, resulting in the creation of more than 2,000 new jobs.