La Coop fédérée has announced that is has agreed a deal to acquire Standard Nutrition’s Canadian business for an undisclosed fee.
The sale will include Standard Nutrition Canada’s feed processing and grain-handling facilities and retail store in Winnipeg, Manitoba; its retail store and warehouse in Brandon, Manitoba; its premix facility, warehouse and retail store in Lethbridge, Alberta and its retail stores, offices and warehouses in Red Deer, Alberta and Swiftcurrent, Saskatchewan.
All of Standard Nutrition Canada’s operations have now been integrated into the livestock production sector of La Coop fédérée’s agri-business Division.
Standard Nutrition’s US assets and operations are not included as part of the deal.
Jason McNaughton, president and general manager of Standard Nutrition Canada said: “For the past decade, working under the Standard Nutrition USA umbrella has allowed our company to become an integral part of the Western Canadian protein supply chain, recognised for its extremely high-touch, consultative sales approach that leverages the technical and operational expertise of our best-in-class team of nutrition consultants.
“Partnering with La Coop fédérée, a true Canadian Ag Industry powerhouse, is now the occasion to kick-start our growth plan for the decade to come, with the mutual goal of supporting Canadian agricultural producers.”
Sébastien Léveillé, executive agri-business vice-president of La Coop fédérée added: “Standard Nutrition’s top-of-the-line products and service are at par with our high standards in terms of quality and customer relationship.
“We also share the same values when it comes to responsibility and solidarity toward the producers that we serve, in order to tailor our service to their needs.
Furthermore, their strong presence in Alberta, Saskatchewan and Manitoba makes them a partner of choice to pursue our growth plan in Canada.
“We believe that by combining the findings from our world-class research program to Standard Nutrition’s personalized approach and highest level of expertise, we will deliver even more value and innovation to our customers.”
Source: FoodBev
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