Canada-based foods producer Premium Brands Holdings has bought a majority stake in Yorkshire Valley Farms, a processor of organic chicken products in Ontario.

For an undisclosed sum, Toronto-listed Premium Brands has acquired a 62.6% shareholding in Yorkshire Valley Farms.

Yorkshire Valley Farms was founded in 2010 by a group of farming families led by Tony Ambler and Tom Ahrens. It has a 40,000 square-foot processing facility in Harriston, Ontario.  

Headed by president James Sculthorpe, the company is one of Canada’s top producers of organic fresh and frozen chicken, mainly under its namesake brand, and with annual sales of around CAD65m (US$49.8m). It also has a branded protein business.

George Paleologou, president and chief executive of Premium Brands, said: “Organic protein products are growing faster than the overall category in both Canada and the US. This transaction, which combines the unique strengths of Yorkshire with our wide range of resources and capabilities, strongly positions Yorkshire to accelerate its growth in this rapidly expanding market segment.”  

Tom Ahrens, co-founder and director of Yorkshire Valley, said the company’s employees would not be affected by the deal.

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.

Tony Ambler, the other co-founder and chairman, added: “We are very proud of what we have accomplished over the last eight years and have no doubt that Premium Brands is the right partner to help us continue our legacy of raising and producing high quality chicken in Canada.”