Sofina to buy Canadian pork assets from Sun Capital
April 11, 2012
by Keith Nunes
BOCA RATON, FLA. — Sofina Foods, Inc. has agreed to acquire Fearmans Pork from Sun Capital Partners, Inc. Fearmans Pork is a large slaughterer and processor based in Burlington, Ont. Terms of the transaction were not disclosed.
Sofina Foods sells animal proteins in Canada and the United States under the Fletcher’s, Cuddy, Quality Meats and Vienna brand names. The company has six processing facilities, five in Canada and one in the United States.
An affiliate of Sun Capital acquired Fearmans Pork from Maple Leaf Foods, Toronto, in a corporate carve-out transaction.
“Fearmans Pork has made great strides as a stand alone business,” said Marc Leder, co-chief executive officer at Sun Capital Partners. “Management has effectively created an infrastructure and stabilized hog procurement, which assures the region’s hog farmers that they have a committed and capable partner. Sofina Foods is a natural steward for the next stage of its growth.”