Olymel in talks over Colbex beef plant


Junior Member
Quebec pork and poultry packing giant Olymel says no deal has been reached for it to take an partnership stake in the producer-owned Levinoff-Colbex cull cow slaughter plant.

However, a company spokesperson said Wednesday, the company has been in talks since last spring, and remains in talks, with both the Quebec government and the provincial cattle producers? organization, which has owned the plant since 2006.

"There are still discussions in which Olymel is involved," Richard Vigneault said in a short interview Wednesday.

Vigneault refuted an article published online Tuesday by La Terre de chez nous, the news organ of Quebec?s influential general farm group, the Union des producteurs agricoles (UPA).

La Terre?s Julie Mercier reported Olymel as being on the verge of a deal which would see it take over management of the Colbex plant, fulfilling a condition reportedly laid out by the province before it would provide further support to the facility.

The province, she said, would put up $6 million to pare down the plant?s deficit and another $6 million in working capital.

More at http://agcanada.com/daily/olymel-in-talks-over-colbex-beef-plant/