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Proposed takeover of meat plant under review

by 5m Editor
18 June 2006, at 12:00am

CANADA - The P.E.I. Hog Commodity Marketing Board is reviewing a proposal for the transfer of ownership of Garden Province Meats, Agriculture Minister Jim Bagnall announced late Friday afternoon.

A call for expression of interest to take over the plant resulted in the receipt of four proposals and one is now under active consideration said Bagnall.

“The proposal which is being discussed is of major interest because it represents a significant departure from the current model under which the hog plant is operating,” said Bagnall.

“It proposes the development of new, high value products which would help to differentiate the Prince Edward Island hog industry in the marketplace.”

Bagnall said the proposal includes the processing of organic and natural pork products as well as other value-added products which would provide higher returns and more stability to producers.

Source: The Guardian

5m Editor