Dec 29, 2019
CPF completes acquisition of HyLife Investments
On December 29, 2019, CPF Canada Holdings Corp. (“CPF”), a subsidiary of Charoen Pokphand Foods Pcl, Thailand’s largest agriculture conglomerate, acquired all of the shares of HyLife Investments Ltd. (“HIL”) for CAD$498,000,000. HIL indirectly owns a majority (50.1%) stake in HyLife Ltd. (“HyLife”), a Canadian pork producer. ITOCHU Corporation (“ITC”) remains the indirect minority shareholder of HyLife. Founded in 1994, HyLife is the largest pork exporter in Canada and is a leader in feed manufacturing, hog production and distribution of pork product, with over 2,000 employees and facilities across Canada, China, Mexico, Japan and the United States.
HIL was represented by Torkin Manes LLP with a legal team led by Matthew Tevlin and including Adrian Myers, Jonathan Mahoney, Nicholas Dempsey and Stephen Skorbinski (M&A), Kay Leung (Tax) and Daniel Pugen (Employment).
To view the complete details in Lexpert Magazine, click here.