VIAU produces a range of value-added prepared meat products.
Maple Leaf Foods Inc., Canada, signed a definitive agreement to acquire VIAU Foods, a Canada-based producer of premium Italian cooked, dry-cured and charcuterie meats, for $215 million.
"VIAU brings a portfolio of leading brands, a reputation for innovation and quality, skilled management and people and excellent manufacturing assets," says Michael McCain, president and CEO of Maple Leaf Foods. "This acquisition expands Maple Leaf's position in the growing market for premium dry cured and pepperoni meat products and provides further production capacity in Quebec, an important strategic base to grow both Canadian and U.S. sales. It also enables VIAU to expand its portfolio to include raised without antibiotic products, leveraging Maple Leaf's leadership in this growing market."