The sale of a Lethbridge processing plant could spell good news for southern Alberta’s potato growers.
Cavendish Farms, a branch of the powerful J.D. Irving group in Atlantic Canada, has announced plans to take over the Maple Leaf Potato plant at year’s end. The sale, expected to close by the end of the month, will net about $60 million for the Toronto-based company which also operates a pork plant in Lethbridge.
The 142,000-square-foot potato plant – smallest of three french-fry operations in southern Alberta – has generated annual sales of about $75 million, Maple Leaf says. That may soon be expanded, local growers predict.
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