The Canadian Grain Commission is proposing licensing producer car loading facilities and agents who use producer car loading sites. The CGC also wants more feedback on licensing feed mills to ensure producers get paid for grain deliveries. Under the proposal published on Tuesday, producer car loading facilities would be licensed as a new subclass of primary… Read More
Tag: Puratone Corporation
The Canadian Grain Commission announced today that it is starting consultations on whether it should license feed mills and extend payment protection to farmers who sell grain to feed mills in Western Canada. Producer organizations have been asking the CGC to consider expanding its payment security program to non-licensed buyers after two of Canada’s largest hog… Read More
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… Read More
The hog industry in Western Canada has been knocked to its knees in recent months by high feed prices and negative margins. A large hog breeder, producer and feed company — Manitoba-based Puratone Corporation — is in the process of being bought by Maple Leaf Foods, the company’s largest hog buyer. Amidst the fall out… Read More
Maple Leaf Foods has announced it will buy the Puratone Corporation, the cash-strapped Manitoba hog production company, for approximately $42 million. The purchase includes Puratone’s livestock, facilities and interests in some joint ventures. The transaction is expected to close within a month, subject to court and regulatory approvals, according to a news release. . “This… Read More
Niverville, Manitoba-based Puratone Corporation is the second major hog producer in as many weeks to hit the skids, Harry Siemens reports . Puratone filed for creditor protection today, after the board of directors agreed it was the only viable alternatives given the present financial state of the company. Puratone is a major hog supplier to Maple… Read More