Olymel parent company Sollio Cooperative Group says 2024 was one of its best years in decades as the company recovers from a period of losses and closures.
Tag Archives Sollio
Olymel parent company posts profit in ‘pivotal’ year
Sollio Cooperative Group says recovery plan working after losses, closures
Olymel parent company posts profit after plant closures
The company closed plants in Ontario, Quebec, and slowed production in the west in 2023
Sollio Cooperative Group, parent company of meat processor Olymel, says it’s back in the black after a period of losses led to closures and cut-backs.
Sollio books deeper loss for 2022
Olymel's fresh pork business takes biggest hit
Domestic and international market-moving events have dragged hard on the year-end bottom line for Sollio Cooperative Group, particularly in its fresh pork business. Quebec-based Sollio — which operates the ag input and farm service business Sollio Agriculture, meat packer Olymel and hardware retailer BMR — on Thursday reported full-year revenues of $8.876 billion for its […] Read more
Olymel to shut two pork processing plants
Triomphe ham, deli meat plants to close in late April
Meat packer Olymel is set to close a chapter in its acquisition history when it shuts down two Montreal-area pork further-processing plants it bought five years ago. Olymel, a division of ag co-operative Sollio, announced Wednesday it will close the former Aliments Triomphe plant at Blainville and its sister plant about 18 km southeast at […] Read more
Sollio to exit southwestern Ontario grain handling
Country elevator assets to be sold after harvest, co-op to focus on ag retail
One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain […] Read more
Olymel to close Red Deer hog plant against COVID-19
Hog deliveries suspended 'until further notice'
Meat packer Olymel plans to temporarily close its hog slaughter and pork processing plant at Red Deer, Alta., winding down that facility’s operations starting this week against a rapidly spreading COVID-19 outbreak among workers. The plant, one of Canada’s largest by slaughter capacity at over 45,000 hogs per week, has notified its hog suppliers and […] Read more
Sollio outlines pandemic recovery plan for food sector
Support sought for automation, digitization, telecommunications
Ottawa — One of Canada’s largest agri-food companies has laid out a five-point industry recovery plan for federal politicians to consider. During a meeting Tuesday of the Commons standing committee on finance, the president of Quebec-based Sollio Co-operative Group shared plans to limit consequences of the COVID-19 pandemic on the agrifood supply chain. Sollio employs […] Read more
La Coop federee set to go full Sollio
After gently getting the Canadian public used to the idea, one of the biggest agricultural co-operatives in the world is set to make its rebranding official. La Coop federee announced Monday it will officially present Sollio Cooperative Group as its “new identity” on Thursday during the organization’s annual general meeting in Montreal. The co-operative, ranked […] Read more
Atlantic Farm Services takes sister firm’s new name
Corrected, Dec. 6, 2019 — The former ag retail distribution and feed milling businesses of Co-op Atlantic are set to take the new name of their sister company. Sollio Agriculture, the agribusiness arm of Quebec-based La Coop federee, announced Monday its Atlantic Farm Services business is officially rebranding with the Sollio Agriculture trademark, which La […] Read more
Olymel, Sollio to take up F. Menard pork, feed businesses
The meat packing and ag input retail arms of Quebec’s La Coop federee are about to take a much longer reach in their home province. The agrifood co-operative announced Tuesday its Olymel and Sollio Agriculture businesses have an agreement in place to buy the hog breeding, pork slaughter and packing, grain sourcing and feed milling […] Read more
Canadian Cattlemen Presents: Depth of Field
