Canada’s Competition Bureau has approved the sale of Puratone Corporation to Maple Leaf Foods and Big Sky Farms to Olymel in a major step towards consolidation of Canada’s and especially Western Canada’s hog industry.
The bureau said in a statement: “the Bureau concluded that the mergers were unlikely to lead to a substantial lessening or prevention of competition for a number of reasons, including the inability to create or increase market power upstream due to an excess demand for hogs and the inability to create or increase market power downstream due to, among other factors, effective remaining competition.”
Farmers are still struggling to recoup hundreds of thousands in unpaid debts from Puratone for feed delivered during a very specific amount of time prior to the company filing for creditor protection. More on that here.
