NewsBusinessQuébec Parmentier Buys Two Potato Production Companies

Québec Parmentier Buys Two Potato Production Companies

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Québec Parmentier has bought two potato production companies, Les Fermes Petite Nation and Les Pommes de terre du Témiscamingue, the company says in a news release on August 10.

“This transaction fits in with Québec Parmentier’s sustainable growth plan and is in line with our goal of becoming a leader in the Canadian potato sector, thereby ensuring consistent and dependable supply to our customers all year round,” Pierre Chouinard, Québec Parmentier CEO, says in the release.

Les Fermes Petite Nation is based in the Outaouais region, while Les Pommes de terre du Témiscamingue is located in the Témiscamingue region. This acquisition brings Québec Parmentier’s total annual potato production to almost 300 million pounds.

The release also notes Préval AG and Les Pommes de terre Cardinal have joined Québec Parmentier as company shareholders. Préval AG Inc. is a leader in North American veal production and also works in the beef, lamb, field and vegetable crops, and grain processing sectors. Les Pommes de terre Cardinal is a family business which grows 2,000 acres of crops (1,000 of which are potatoes),and also owns a packing station.

“Québec Parmentier is a story of producers who came together to innovate and redefine potato marketing. We offer solutions that meet the needs of our clients. The well-suited expertise of our two new shareholders will allow us to pursue our mission,” Kevin Rivard, president of Québec Parmentier, says in the release.

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