Canada’s longest-running fresh mushroom farm has been acquired by one of North America’s largest mushroom producers.
Loveday Mushroom Farms, based in Winnipeg, Man. since 1932, says it is joining forces with South Mill Champs, headquartered out of Kennett Square, Pennsylvania.
Terms of the deal have not been disclosed.
“We’re very happy to join the South Mill Champs organization,” says Burton Loveday, president of Loveday Mushroom Farms, in a news release. “The combining of efforts will allow us to expand our capabilities and leverage South Mill Champs’ infrastructure to further support our customers’ growth and ever-increasing demands.”
South Mill Champs says the deal is a response to increasing market demand “as the health benefits of mushrooms become mainstream. ” It will allow the company to supply fresh mushrooms to all major population areas in North America within 48 hours.
“Partnering with Loveday makes sense on all levels,” says Lewis Macleod, president and CEO of South Mill Champs. “We’re culturally aligned, operating with similar high integrity and focus on providing customers with a high level of quality and service, and employees with a great place to work. The geographic location of Loveday is complementary to our bi-coastal operations and will further enhance our fresh supply chain in the Midwest region of Canada and the United States.”
Pennsylvania-based South Mill merged with Champs Mushrooms in Aldergrove, B.C. in 2017 to form South Mill Champs. Earlier in 2017, New York-based investment company EOS Partners acquired a controlling stake in South Mill.