P&H Foods joins forces with Atlantic Poultry

Parrish & Heimbecker’s (P&H)’s subsidiary, P&H Foods, enters into a joint venture with Atlantic Poultry (AP) to create a new company, called P&H Foods Atlantic.

The new company brings together P&H Foods’ management expertise with AP’s egg grading assets and deep knowledge of the Atlantic Canadian market. Under the terms of the agreement, P&H Foods will lead the management of the grading operation, while AP contributes its existing infrastructure and regional experience.

“This joint venture marks an exciting new chapter for Atlantic Poultry. Alongside P&H Foods, we will make significant investments in our operations – investments that will modernize our egg grading business, secure good local jobs, and deliver a major economic impact across our region. It will also allow us to give shoppers more choice, with an expanded product line at their local grocery store. After several years of working alongside the P&H Foods team, we know exactly who we’re partnering with. P&H Foods shares our values and brings a long, proud tradition of standing behind farmers and farms. Together, as P&H Foods Atlantic, we will build a stronger, more competitive operation that creates lasting value for our employees, our producers, and our shareholders,” said Mike Bannister, president & CEO, Atlantic Poultry.

“This partnership reflects our continued commitment to growing our Foods business and investing in the future of Canadian agriculture. By combining our expertise with AP’s strong regional presence, we are well positioned to build a modern, competitive operation that supports producers, customers, and communities across Atlantic Canada. We’re proud to partner with an organization that shares our values and long-standing connection to farmers and the agricultural industry,” added John Heimbecker, CEO, Parrish & Heimbecker.

The transaction is expected to be completed this summer, subject to customary closing conditions.