Insights and Stories on Coop Federee

Jun. 10, 2017 at 2:23 am CDT

Citing “a period of pronounced decline” in its farm machinery business, Quebec farm co-operative La Coop federee plans to get out of parts distribution by next fall. The co-operative announced May 30 it plans to “gradually” close its Dispro farm equipment and parts distribution centre at Trois-Rivieres over a 12- […]

By Staff

Feb. 24, 2017 at 2:42 pm CST

Revenues for expansion-minded Quebec agrifood and retail co-operative La Coop federee crossed the $6 billion mark in fiscal 2016, leading to a substantial jump in patronage dividends to producers. The co-operative at its annual meeting reported earnings, before patronage dividends and income taxes, of $275.44 million on $6.335 billion in […]

By Staff

Aug. 9, 2016 at 4:25 pm CDT

A pair of hog packing and processing plants in Quebec’s Mauricie region are set to join forces through their common business partner for a major expansion. Olymel, the meat packing and processing arm of Quebec’s Coop Federee, announced Tuesday it has sealed a partnership deal with livestock producer and processor […]

By Staff

Aug. 5, 2016 at 4:33 pm CDT

The meat packing arm of Quebec’s La Coop federee plans to shut down major ham lines at one of its further-processing plants in the province next year, cutting up to 340 jobs. Olymel said Friday it will halt ham deboning at its St-Hyacinthe plant in September 2017, eliminating 340 positions. […]

By Staff

Feb. 25, 2016 at 3:50 pm CST

Reuters — Quebec-based La Coop Federee, one of Canada’s biggest farmer co-operatives, is offering for sale up to 49 per cent of pork processor Olymel, to help fund expansion in Western Canada, CEO Gaetan Desroches said in an interview. La Co-op would retain control of Olymel, which along with Maple […]

By Rod Nickel