Sofina Foods to acquire Exceldor Cooperative

Sofina Foods will acquire the assets of Exceldor Cooperative. The proposed transaction is subject to approval by Exceldor’s members and shareholders, who will vote during the cooperative’s upcoming AGM on June 5, 2025, as well as the Competition Bureau.

“We are entering this next chapter with great enthusiasm. This agreement is a unique opportunity that will enable us to continue our activities in an increasingly competitive environment. The proposed acquisition by Sofina ensures the long-term legacy of generations of producers and employees who built the Exceldor Cooperative. It gives us the tools to strengthen our operations and create new opportunities for our producers and employees. It is also important to note that consumers will continue to enjoy high-quality Exceldor-branded products in Quebec and Granny’s-branded products in Manitoba – raised and processed in their respective provinces,” said René Proulx, president and CEO of Exceldor cooperative.

Exceldor Cooperative, owned by approximately 330 member-producers in Quebec, Ontario and Manitoba, generates more than $1.4 billion in revenue and employs over 3,700 people. Headquartered in Lévis, Que., its operations are spread across facilities in Saint-Anselme, Saint-Damase, Saint-Hyacinthe, Saint-Bruno-de-Montarville, Beloeil, and Saint-Cuthbert in Quebec, as well as Hanover in Ontario, and Winnipeg and Blumenort in Manitoba. The cooperative is also co-owner of Unidindon in Quebec and Blumenort Hatchery in Manitoba. It sells products under the Exceldor, Lacroix, Granny’s, Butterball and Saha Halal brands.

“Since our founding 30 years ago, Sofina has steadily grown to become one of Canada’s leading food processors, with an uncompromising commitment to operational excellence. This transaction reflects our desire to continue investing in the Canadian poultry industry, in plants and capabilities, to better serve Canadian consumers from coast to coast. Exceldor is a well-established organization with whom we share a common culture of excellence, discipline and integrity. We look forward to working with Exceldor’s team to further elevate its flagship brands in Quebec and across Canada,” said Michael Latifi, founder, chair and CEO, Sofina Foods.

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