Puratone and Big Sky Sales to Proceed

photo courtesy of ebeyfarm.blogspot.com

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.”

Read the full release here.

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.

 

RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.

Trending

Ergot Poisoning Symptoms and Prevention in Cattle

A plant disease caused by the fungus Claviceps purpurea, ergot, is nothing new, nor is its affect on animals who consume it. In fact, humans who ingested the fungus in the middle ages were said to have a problem known as "St. Anthony's fire," whereby narrowing of blood vessels would occur, and would often lead to changes…Read more »

Related

Leave a Reply