New Generation Pork Finishing Inc. has finalized an agreement to purchase the Cargill feed mill and property in Swift Current.
New Generation officials note the addition of the Swift Current feed mill facility complements their separate acquisition of hog facilities in the area, positioning them as an efficient producer of pork in Saskatchewan
"We are very pleased to be able to invest in these opportunities, as they will help us promote and advance pork production in this region," said Dickson Gould, an officer of New Generation. "Moreover, with the populating of the hog finishing barns, new jobs have and will continue to be brought to the Swift Current and southwest Saskatchewan area in a time when many positions in the industry are being reduced or eliminated."
Under the purchase agreement, which both companies anticipate will close by May 15, Cargill will continue to provide feed mill management services to support the ongoing operations of the Swift Current mill.
"We feel that the relationship and agreements with New Generation Pork Finishing will
allow us to ensure a more sustainable footprint in the Swift Current area, provide continued employment for our valued team, and maintain our ability to serve our customers in the province through the development of manufacturing capabilities in North Battleford," said Phil Graham, General Manager for Cargill Animal Nutrition's western Canada business.
New Generation Pork Finishing Inc. operates a 5,000-sow farrowing operation in full production based near Hamiota, Manitoba. The addition of finishing spaces across southwest Saskatchewan expands New Generations production flow to over 125,000 market hogs a year.