Maple Leaf Foods Closes Acquisition of Cericola Farms
Builds market leadership in raised without antibiotics and organic value-added chicken
Maple Leaf Foods (TSX: MFI) today announced the closing of its acquisition of two poultry plants and associated supply from Cericola Farms, a privately held company.
Located in Bradford, Ontario and Drummondville, Quebec, the two plants collectively process approximately 32 million kg of chicken annually.
Maple Leaf has also secured 100% of the processed chicken volume from Cericola's primary processing plant located in Schomberg, Ontario, and holds an option to acquire this asset and associated plant supply in three years.
Cericola specializes in air-chilled processing of antibiotic free and...
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