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Agriculture Roundup for Thursday February 2, 2023

A Quebec company has purchased an Innisfail, Alta. processing plant and major lamb feedlot.

Préval AG is owned by Alexandre Donald, and Fabien Fontaine. Their company has more than $720 million in annual sales.

The deal is good news for lamb producers, as the Innisfail processing plant formerly known as SunGold Speciality Meats is the only federally inspected plant in Western Canada.

Préval AG, headquartered in Saint-Hyacinthe, has more than 1,400 employees, many working for companies it has acquired. Its products include veal, lamb, and beef sold under brands such as Famille Fontaine and Catelli Brothers, as well as market vegetables and grain.

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