PE-Backed Hog Producer Acquired by Olymel for C$65.2M

The Canadian assets of Big Sky Farms Inc., a Humboldt, Saskatchewan-based hog production company, have been acquired by Olymel LP, which focuses on the slaughter, processing and distribution of pork and poultry. The St-Hyacinthe, Québec-based Olymel and Ernst & Young Inc. entered into a purchase and sale agreement valued at C$65.2 million, subject to certain adjustments, in October 2012, following Big Sky Farms' being placed in receivership. Big Sky Farms has in recent years been backed by several Canadian private equity firms.

CanadaNorth AmericaBriefs