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November 25, 2021

Canadian agri-food firm Préval buys US meat business J&G

J&G will join Préval’s six existing meat companies, including Montpak International in Canada and Catelli Brothers in the US.

J&G Foods, a US-based meat business, has been acquired by Canadian agri-food firm Préval AG for an undisclosed sum.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Massachusetts-headquartered J&G markets meats including organic and grass-fed beef, organic chicken and other “value-added” meats. It serves the retail, foodservice and direct-to-consumer channels.

Quebec-based Préval, which has 37 subsidiaries, is owned and operated by the Fontaine family and employs more than 1,400 people in Canada, the US and South America.

Fabien Fontaine, Préval’s president and founder, said the company is “excited to add what is now J&G 2021 to our diversified family of companies”. He added: “J&G has a well-deserved reputation for quality meat products and great customer service.”

J&G will join Préval’s six existing meat companies, including Montpak International in Canada and Catelli Brothers in the US which provide veal, lamb and beef processing and packaging to retail and foodservice customers throughout the Americas.

Bill Leva, J&G’s president,  becomes CEO and will continue to lead the , along with the current management team.

Tony Catelli, president & CEO of Catelli Brothers, will also be president of J&G 2021 and manage all of Préval’s US meat operations.

Leva said: “All of us at J&G are pleased to join a leader in the agri-food industry, and we look forward to bringing our specialised skills to help make Préval AG even more successful.”

He added: “Our customers, which include some of the most recognised in the supermarket industry, can be assured that they can expect the same high level of service and the same high-quality products that they have received from us since our founding in 1999.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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