Quebec-based pork and poultry processor Olymel has announced a deal to acquire all the shares in Pinty’s Delicious Foods, a poultry processing company in Ontario that specializes in chicken wings, boneless wings, fillets and fully cooked food products.
Pinty’s operates three processing facilities, in Port Colborne, Paris, and Oakville, with headquarters in Burlington. The company employs 360 people, and sells products in Canada and the U.S. under multiple brands, including Pinty’s Food Service, Pinty’s Pub & Grill, Pinty’s Eat Well, Pinty’s Perfect Portions and Pinty’s Delicious Food.
Olymel — the meat processing division of La Coop fédérée — owns seven poultry processing facilities in Quebec, Ontario and New Brunswick. The company says the move is part of an effort to consolidate its position as a leader in Canadian pork and poultry processing.
Olymel says Pinty’s will continue to serve its current customers and honour its supply agreements with producers.
The company signed a five-year extension with Sportsnet in April, extending the sponsorship deal through the 2022-23 curling season.
Financial terms of the deal were not disclosed, but the transaction is subject to approval from the Competition Bureau. In the meantime, both companies will continue to operate independently, says Olymel.
Pinty’s has its roots in two family businesses dating back to 1943: Port Colborne Poultry, founded by William and Petronella Vanderlaan, and Pinty’s Poultry, founded by Ed Pintwala. The two families established Pinty’s Delicious Foods Inc as a joint venture in the 1990s. The company says its turnover in 2017 was $235 million.
Olymel employs over 11,500 persons, with pork and poultry production and processing facilities in Quebec, Ontario, Alberta, New Brunswick and Saskatchewan.
Quotes:
“The owners and management of Pinty’s Delicious Foods are happy to have found a Canadian buyer. We are confident that Olymel will grow our company and ensure it a promising future. I truly believe that our employees will benefit from the advantages of working for a large group like Olymel, a company that has a unique expertise in the processing and marketing of poultry products. We are proud of the company and the business network that we have built around Pinty’s brands for decades and I am certain that this transaction will also benefit our customers and consumers.” – Jack Vanderlaan, Executive Chairman of Pinty’s.
“Olymel is confident that this transaction will benefit our development and growth. We are proud to welcome the employees of Pinty’s Delicious Foods Inc. Over the past 70 years, Pinty’s has developed great expertise on the Canadian and American markets by offering innovative and exclusive products under brand names that have become extremely popular with many consumers and customers. We know that this family business has been served by passionate owners throughout its history. We are also pleased to invest and strengthen our presence in Ontario and on the Canadian market.” – Réjean Nadeau, Olymel’s President and CEO.
