ST-HYACINTHE, QC, June 5, 2014 /CNW Telbec/ - Nutri Group announced today that it is taking ownership, through Nutri-Œuf, of Ovale Eggs' entire assets. With this acquisition, Nutri Group confirms its enviable position among Canada's leaders in grading, processing and marketing eggs and their derivatives. Following this transaction, Nutri Group is now comprised of six modern, high-performance plants across Canada.
"Our sustained growth over the past few years is culminating today with this major and strategic acquisition, which once again underscores the strength of our business model, in which producers are also owners, said Michel Gauvin, Chairman of the Board of Nutri Group. Moreover, our recent acquisitions highlight our willingness to keep driving excellence and meet the industry's highest standards. This enables us to better serve our clients, thereby improving our position at the national level within a very competitive environment."
Besides enabling Nutri Group to strengthen its presence in Eastern Québec, acquiring Ovale Eggs gives it the opportunity to consolidate and optimize its operations.
Benefits of this transaction
Nutri Group's acquisition of Ovale Eggs will enable to:
- ensure a stable offer for its major buyers;
- guarantee optimal product marketing for local producers;
- provide consumers with a wider selection of products;
- optimize our transportation logistics and reduce our environmental footprint;
- consolidate Nutri Group's position in the Québec market, while offering its employees career development opportunities within the Group.
About Ovale Eggs
Based in Saint-Lambert-de-Lauzon, on Québec City's south shore, Ovale Eggs is ranked among Eastern Canada's leading egg graders. The company specializes in egg grading, packaging and distribution throughout supermarket and grocery networks across Québec and New Brunswick. Over 30 million dozen eggs leave Ovale Eggs' plant each year, including several added-value varieties.
About Nutri Group and Nutri-Œuf
Comprised of six entities, Nutri Group ranks among Canada's leaders in grading and marketing shell eggs and their derivatives. Founded in 2005, Nutri Group currently boasts over 300 employees and a nationwide distribution network. Moreover, it operates modern, high-performance plants across Canada, enabling it to market more than 1.7 billion regular and specialty (Omega, organic, brown, etc.) eggs and processed eggs.
Founded in St-Hyacinthe in 1987, Nutri-Œuf is a member of Nutri Group, thereby benefitting from its vast distribution network. A member of Aliments du Québec, Nutri-Œuf is GSFI-certified and was the first company to receive the Canada Organic certification for its organic egg production.
For more information, please visit www.nutri-oeuf.com
SOURCE: Nutri Group
For further information: Yvette Cakpo, Massy Forget Langlois Public Relations, 514 842-2455, ext. 22, [email protected]