Olymel L.P. is buying Pinnacle Farms Inc., a major hog producer located at Standard, Alta., near Strathmore.
Olymel becomes the owner of all inventory and will now take over management of Pinnacle Farms operations, a company news release said.
Pinnacle employs 30 people who will join the Olymel workforce. The transaction amount was not disclosed.
The transaction will make it possible to deliver 100,000 more hogs annually to the Olymel processing plant in Red Deer.
