Olymel acquires Triomphe Foods for an undisclosed sum
Triomphe Foods employs more than 250 people, and this transaction includes three production facilities, located in Laval, Blainville and Québec City respectively, as well as two distribution centres in Blainville and St-Léonard. The company announced that it will not disclose the price of this transaction.
Through this acquisition Olymel also becomes the owner of the brands Tour Eiffel, Chef Georges and La Belle Bretagne (hams and pâtés), Nostrano (Italian deli meats), Alpina (Eastern European deli meats), Bilopage (cretons and head cheese) and finally Mother Hen, a well-known brand specializing in baby food production including organic fruit and vegetable purées and meat purées. The production and marketing of all Triomphe Foods products and brands will continue, and the acquired company will have autonomous management.
"Olymel is proud to acquire a Quebec company renowned for the quality of its products and thus broaden our presence in several market segments, including baby food in particular. I would like to extend a warm welcome to all Triomphe Foods employees who will be adding their expertise to that of Olymel's teams. Through this acquisition and our own brands, Olymel will now have an even wider and more diversified range of value-added products, enabling us to serve a broad customer base, in addition to increasing our production capacities," said Réjean Nadeau, President and CEO of Olymel.
Photo Source: Olymel / Réjean Nadeau, President and CEO, Olymel L.P. and Mélissa Latifi, President and CEO, Triomphe Foods Inc
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