Origins of Olymel: Olymel's Origins: Although its creation dates back more than 30 years, Olymel's origins lie in the heart of agricultural Quebec, where its main owner, La Coop fédérée Sollio Groupe Coopératif, has been actively involved in the evolution of the agri-food industry since 1922. Throughout its history and through its expansion, La Coop fédérée Sollio Groupe Coopératif, a cooperative now comprising over 90,000 members, developed the pork and poultry meat sector over the years. In the early 1990s, the management of this heritage was transferred to its subsidiary, Olymel.
In its long history, and thanks to its expansion, La Coop fédérée, a cooperative with more than 90,000 members today, has made a vital contribution to the growth of the pork and poultry sector. In the early 90s, management of these assets was turned over to its subsidiary, Olymel.
La Coop fédérée creates the Olymel limited partnership by merging its operations with those of Groupe Olympia in order to consolidate the pork processing sector.
Olymel continues its expansion with the acquisition of Tyson Foods Canada, and opens an office in Tokyo, Japan.
Olymel enters into a business partnership with Exceldor to form Unidindon, which quickly becomes the largest turkey processor in the country. La Coop fédérée acquires control of Olymel and assigns it subsidiary status.
In addition to its operations in the pork sector, the new subsidiary is also tasked with developing La Coop fédérée's poultry sector, where its Flamingo brand is already famous. Click here to learn more about Flamingo.
Olymel acquires a world-class hog slaughterhouse and butchering facility in Red Deer, Alberta.
Olymel begins a relationship with a major player in agrifood processing, Groupe Brochu, by taking a 50% interest in the bacon manufacturing sector.
Olymel enters the Australian market and sets up an office in Sydney.
The success of the partnership with Groupe Brochu leads to the complete merger of the operations of Olymel and Supraliment, the meat division of Groupe Brochu.
One result of this operation is to add the Lafleur brand to the company's line-up of leading brands, Olymel and Flamingo.The Lafleur brand, already widely known for its pork sausages, has had a presence in the Quebec market for more than 100 years. To learn more about Lafleur's first hundred years, click here.
Olymel continues to develop export markets, especially in the pork sector. The company opens a new office in Seoul, South Korea.
Olymel signs a partnership agreement with New Brunswick poultry producer Groupe Westco for construction of the Sunnymel chicken slaughterhouse and butchering facility in the Village of Clair, New Brunswick.
In January, Olymel acquires Big Sky Farms in Humboldt, Saskatchewan, the third largest hog producer in Canada.
In January 2014, La Coop fédérée and its meat processing subsidiary, Olymel l.p., announced the transfer under the responsibility of Olymel of technical and consulting services for swine industry producers, such as herd management, animal welfare and meat quality, as well as the operations of Sogeporc Inc., a subsidiary specializing in improving and marketing swine genetics. AlphaGene is the Olymel's genetic division.
In February, Olymel and ATRAHAN Transformation Inc. announced the signing of an agreement in principle to establish a business partnership for the joint operation of their pig slaughtering and butchering and pork processing operations. In November, Olymel and Groupe Robitaille jointly announced the signing of an agreement in principle for the conclusion of an equal equity partnership in a joint venture via an exchange of shares in Aliments Lucyporc and Viandes Dunham.
In 2016 Olymel celebrated its first quarter century as it pursued an aggressive development and modernization program. In the last few years Olymel has invested $330 million to reinforce its poultry and pork sectors. Also in 2016, Olymel concluded two major partnership agreements with ATRAHAN and Groupe Robitaille, both in Yamachiche, and acquired La Fernandière in Trois-Rivières.
The year 2017 was marked by the intensive pursuit of Oylmel's development and growth through strategic investments aimed at optimizing all its activities.
This year is one of most acquisitions when Olymel announced in June the acquisition of all assets of Triomphe Foods and its brands including Tour Eiffel, Nostrano and Mother Hen, then, in November, announced closing of transaction for the acquisition of Ontario company Pinty's Delicious Foods Inc.
Management of La Coop fédérée and its Olymel and Sollio Agriculture divisions announced that they have received the green light from Canada's Competition Bureau to acquire all the assets of Ange-Gardien company F. Ménard, in Montérégie, Quebec. By acquiring F. Ménard, Olymel and Sollio Agriculture will provide Canada with one of the biggest agri-food
companies in both the meat and milling sectors.
In 2020, Olymel also entered into a partnership through a stock exchange with Sanimax, a leader in the recovery and valorization of agri-food by-products.
In May 2021, through the Fonds pour la croissance des entreprises québécoises and Investissement Québec, the Government of Quebec invested $150 million in equity in Olymel s.e.c. to support its development and enhance its competitiveness. Also in 2021, Olymel acquired Guiltant and Norpur, two Bécancour-based companies specializing in the production of pet food, enabling better integration of its activities within the value chain.
In February 2022, Olymel signed an agreement with the British firm Genus plc and its subsidiary PIC, a global leader in pig genetics, to provide genetic products and services and continue the development of the AlphaGene pig genetics program.
In February 2023, Olymel announced its decision to divest its stake in Volaille Giannone, a poultry slaughter and processing company located in St-Cuthbert in the Lanaudière region.