We are pleased to announce that an affiliate of Sun Capital Partners, Inc. has completed the acquisition of the Ontario Pork Processing Business (”OPPB”) from Maple Leaf Foods Inc. (TSX: MFI). The purchase price was bridged by an affiliate of Sun Capital Partners,Inc. The transaction closed 41 days after signing the LOI.
The Company is located in Burlington, Ontario, and is the largest pork-processing facility in the province, servicing primarily the Toronto area, the Eastern United States and select international markets. OPPB supplies products to other processors, retailers and food service providers including chilled pork products, specialty and counter-ready products.
Sun Capital Partners affiliates have previously made investments in the food processing industry including: CanGro Foods, a Toronto-based marketer of canned fruit, tomatoes, vegetable, and soup; Creekstone Farms Premium Beef, a leading processor of high quality Black Angus beef; and Sunrise Growers-Frozsun a U.S. supplier, distributor and marketer of frozen and fresh strawberry products.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 240 companies worldwide since its inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.
Source: Sun Capital Partners
