On May 15, 2025, Sofina Foods Inc. signed an asset purchase agreement to acquire the assets of Exceldor Cooperative, pending approval from Exceldor’s members and investment shareholders during its Annual General Meeting on June 5, 2025. The transaction, which underscores a strategic alignment between two of Canada’s leading poultry processors, is set to bolster national operations and brand growth across Canada, including Exceldor, Lacroix, Granny’s, Butterball, and Saha Halal. Though the financial terms were not publicly disclosed, the transaction is positioned as a growth catalyst, enhancing operational synergies and reinforcing Canada’s food sovereignty through geographic complementarity and long-term value creation.

The acquisition follows a comprehensive review process and aims to preserve Exceldor’s regional production, ensuring Quebec and Manitoba consumers continue to receive locally raised and processed poultry under familiar brand names. It also signifies a continuity of Exceldor’s legacy, benefitting its producers and employees while enhancing Sofina’s coast-to-coast capabilities.

Exceldor was advised by BCF Business Law (legal), PwC Corporate Finance in Québec (corporate financial), and EY (tax), while Sofina was advised by Stikeman Elliott LLP (legal), PwC (financial and tax), and WSP (environmental). The transaction remains subject to regulatory approval by the Competition Bureau