HyLife Buys 75% Interest in US Pork Processing PlantHyLife Buys 75% Interest in US Pork Processing Plant

Canadian pork producer HyLife Foods is moving to enter the US market with the acquisition of a 75% interest in Prime Pork LLC, the operator of a pork processing plant in Wisdom, MN, from Taylor Corporation. 

“Prime Pork will allow us to expand our operations into the United States,” Grant Lazaruk, chief executive officer and president of HyLife, said in a company press release this week. “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.”

The plant in Wisdom has a processing capacity of 1.2 million hogs/yr. Once the transaction is completed, HyLife’s total processing capacity will reach 3.2 million hogs/yr. 660 workers currently staff the site.

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

HyLife agreed to sell 50.1% of its shares to Thailand-based Charoen Pokphand Foods Public Company Limited (CPF) in April 2019. The company said the deal would boost demand for its products and create an opportunity for the company to expand its workforce. 

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