HyLife, a Canada-based pork producer, has increased the size of its US footprint by acquiring a 75% equity stake in American peer Prime Pork.

The Manitoba-based business bought the stake in Minnesota-based Prime Pork from conglomerate Taylor Corporation for an undisclosed sum. Taylor will retain the remaining 25% of the business.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The deal sees HyLife taking control of a processing facility in Windom, Minnesota, that processes approximately 1.2 million hogs annually. This will increase HyLife’s processing capacity to 3.2 million hogs a year, a 60% increase.

Grant Lazaruk, HyLife’s president and CEO, said: “Prime Pork will allow us to expand our operations into the United States. Plants in both Canada and the US will strengthen our supply chain, giving us further diversity in our operations to better serve our customers around the world.

“This is a unique opportunity to be able to team up with an operation that already has a network of producers, customers, and employees.”

See Also:

Prime Pork has a 650-strong workforce.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Glen Taylor, chairman and CEO of Taylor Corporation, who founded Prime Pork in 2016, said: “I have been really pleased with the start-up of Prime Pork in Windom. With this new partner and leadership, I am confident this partnership will be great for the community, employees and area producers. Prime Pork’s location in southern Minnesota provides an abundance of resources, securing hog supply and the other raw materials required to operate a processing facility efficiently.”