Quebec-based agri-food cooperative La Coop fédérée is buying into Ontario’s animal feed industry.
La Coop has announced a deal to purchase a 50 percent stake in W-S Feed & Supplies Limited, an animal nutrition company that operates feed mills in Tavistock and Mount Forest, Ontario.
“This investment represents a strategic entry into the Ontario market, in the animal nutrition industry this time,” says Ghislain Gervais, president of La Coop fédérée. “This partnership develops our portfolio of operations in the province and shows how important it is for us to provide farmers across the country with quality products and solutions for their animal feed.”
It’s the latest in a spree of acquisitions and new investments for La Coop, which expanded its feed business in Western Canada in April, with the purchase of Standard Nutrition. The cooperative is also waiting for Competition Bureau approval of the acquisition of Cargill’s crop input and grain handling assets in Ontario announced in March. In addition, La Coop entered a joint venture partnership this summer with Ontario-based seed company Maizex Seeds, and announced plans for a new grain terminal at the Port of Quebec.
Established in 1965, W-S Feed makes and sells feed for dairy production, including organic, beef, swine and poultry production.
Terms of the W-S Feed transaction have not been announced. It includes the Mount Forest Feed Mill, which makes swine and poultry feed, including organic, as well as the multi-species Tavistock Feed Mill.
La Coop says key management and sales teams will remain with the business.
The deal is expected to close in the coming weeks.