A Manitoba hog production firm has signed a deal to buy agrifood giant Cargill’s feed mill at Swift Current in southwestern Saskatchewan for an undisclosed sum.
New Generation (NG) Pork Finishing Inc. and Cargill Animal Nutrition, the company’s Winnipeg-based Canadian feed production arm, expect to close their deal by May 15, Cargill said in a release Tuesday.
The sale “will allow us to ensure a more sustainable footprint in the Swift Current area, provide continued employment for our valued team, and maintain our ability to serve our customers in the province through the development of manufacturing capabilities in North Battleford, Sask.,” said Phil Graham, general manager for Cargill Animal Nutrition’s Western Canada business, in the release.
NG, based near Hamiota in western Manitoba, runs a 5,000-sow
farrowing operation in that area and has recently invested in finishing spaces in southwestern Saskatchewan for total production of over 125,000 market hogs a year.
Partners in NG include members of the Progressive Group, a livestock production management firm based at Niverville, Man. Among its other investments, the company late last year bought a meat processing company at Winkler, Man.
NG officials said in Cargill’s release that the addition of the Swift Current feed mill complements its separate acquisition of hog facilities in the area.
“We are very pleased to be able to invest in these opportunities, as they will help us promote and advance pork production in this region,” said NG spokesperson Dickson Gould, the president of the Progressive Group and a former president of hog production firm Elite Swine.
“Moreover, with the populating of the hog finishing barns, new jobs have and will continue to be brought to the Swift Current and southwest Saskatchewan area in a time when many positions in the industry are being reduced or eliminated,” Gould said in Cargill’s release.