Exceldor Cooperative (Exceldor) and Sofina Foods Inc. (Sofina) today announced the signing of an asset purchase agreement under which Sofina will acquire the assets of Exceldor. The proposed transaction is subject to approval by Exceldor's members and holders of investment shares, who will vote during the cooperative's upcoming Annual General Meeting on June 5, 2025.
The result of a rigorous and thoughtful process, this agreement represents a strategic milestone in Exceldor's history. With highly complementary operations, the transaction will ensure the continuity of Exceldor's existing activities, strengthen its national presence, and accelerate the growth of brands such as Exceldor, Lacroix, Granny's, Butterball and Saha Halal - across Canada.
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