Source: Rita Jane Gabbett, MEATINGPLACE, 6/5/14
 
Canadian poultry processor Exceldor has agreed to buy turkey further processor Parrish & Heimbecker Limited, which sells products under the Butterball brand in Canada under a licensing agreement with Butterball LLC.

Included in the transaction are the primary turkey processing plant located in Hanover, Ontario, and a joint venture interest in Golden Valley Farms consisting of a further processing plant located in Arthur, Ontario.
The transaction is expected to close in the third quarter. Terms of the transaction were not disclosed.

"The acquisition of P&H Foods gives us the opportunity not only to expand our operations outside the Province of Quebec, but also integrate Butterball to our portfolio of existing brands in Canada," said René Proulx, Exceldor's president and CEO in a statement.

As a result of this acquisition, Exceldor will have revenues in excess of C$625 million ($571 million) and its products will be sold across Canada.

The merger adds 400 P&H employees to Exeldor’s workforce of 1,400.
Exceldor currently processes 1.4 million chickens and turkeys for the retail, food service and secondary processing markets.

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