Olymel L.P. has announced the acquisition of Pinnacle Farms Inc., a major hog producer located just east of Calgary, near Strathmore, Alberta. Olymel becomes the owner of all inventory and will now take over management of Pinnacle Farms operations. Pinnacle employs 30 persons who will now join the Olymel workforce. The transaction amount was not disclosed.
The assets acquired by Olymel include a quarantine barn, sow barns, nursery barns and finishing barns. In addition to these Pinnacle facilities, Olymel will lease finishing farms near Medicine Hat, Alberta.