HyLife invests in Prime Pork processing business

By Aidan Fortune contact

- Last updated on GMT

HyLife invests in Prime Pork processing business

Related tags: Canada, Pork, HyLife, Prime Pork, Processing and packaging Innovation, Processing equipment & plant design

Canadian pork producer HyLife has purchased 75% equity interest of Prime Pork LLC from the Taylor Corporation.

Prime Pork and Comfrey Farms is a partially integrated pork production system engaged in the business of production, processing and sale of pork products in Windom, Minnesota. The business has both hog farming and processing assets. In the farming operations, it owns the pig inventory and has contracts with third parties for the barn facilities, feed and management required to raise the hogs. Currently these farms facilities raise 300,000 feeder hogs to market weight annually and source the remainder from third party suppliers.

The plant currently processes approximately 1.2 million hogs annually, increasing HyLife’s processing capacity to 3.2 million hogs annually.

“Prime Pork will allow us to expand our operations into the United States,”​ said HyLife president and chief executive officer Grant Lazaruk. “Plants in both Canada and the US will strengthen our supply chain, giving us further diversity in our operations to better serve our customers around the world.

“This is a unique opportunity to be able to team up with an operation that already has a network of producers, customers, and employees,”​ added Lazaruk. “Our company puts great emphasis on taking care of our employees and our communities. We are eager to continue to build on what Prime Pork has done in Windom and the communities in the surrounding area.”

Chairman and CEO of Taylor Corporation Glen Taylor said: “I have been really pleased with the start-up of Prime Pork in Windom. With this new partner and leadership, I am confident this partnership will be great for the community, employees and area producers. Prime Pork’s location in southern Minnesota provides an abundance of resources, securing hog supply and the other raw materials required to operate a processing facility efficiently.”

Related topics: Meat

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