From FCC Express, by Owen Roberts
Efficiencies are growing in Canada’s turkey sector.
Last week, Maple Leaf Foods announced it is selling its commercial turkey farms to Kitchener-based Ernald Enterprises Ltd., and its breeder farms and hatchery operation (formerly Cold Springs Farms) to Cuddy Farms Limited 2008.
More than 100 employees will transition from Maple Leaf to these two companies.
Ernald operates commercial turkey and chicken production operations in southern Ontario, with barns at New Dundee, Ailsa Craig and Komoka, housing approximately 470,000 chickens and 340,000 turkeys. It is now the biggest turkey supplier to Maple Leaf.
Cuddy Farms, based in Strathroy, is one of the world’s leading suppliers of turkey poults and hatching eggs. It exports products to more than 20 countries, including Germany, Mexico, Italy, Turkey, Poland, Austria, Holland, Hungary and the Baltic states.
Michael McCain, President and CEO of Maple Leaf Foods, says divesting the company’s turkey growing operations will allow it to focus on and bankroll direct capital for growth and innovation in its value-added turkey processing business.
“The transaction ensures a long-term supply of high quality turkeys at competitive prices,” he says, adding that the employees affected by the sale “are joining two organizations who are leaders in Canada’s turkey growing industry.
John Flaherty, President and CEO of Cuddy Farms, says the acquisition demonstrates the company’s commitment to the worldwide turkey industry. He said he was encouraged that Cuddy will be able to “further develop the best genetics that the primary breeders have to offer… we look forward to continuing to supply our customers with high quality turkey eggs and poults.”