Masterfeeds Inc to Close Feed Plant on Falling Hog and Cattle Numbers
Canadian Masterfeeds has announced it is to close its feed mill at Baden, Ontario, because falling hog and beef inventories in the province have led to a drop in feed demand.
The move comes weeks after the company completed the takeover of competitor Land O’ Lakes, which give the firm the chance for consolidation of locations. The cost of upgrading the Baden mill, which has been in operation since 1957, was also a factor, company President and CEO Rob Flack told Feedinfo News Service
The Masterfeeds Inc chief said the Wingham mill, acquired as part of the Land O Lakes deal, was well-placed and there was no longer the demand in Ontario to support both mills.
“There is less capacity in Ontario at present because hog and beef numbers have dwindled,” he said.
The move comes weeks after the company completed the takeover of competitor Land O’ Lakes, which give the firm the chance for consolidation of locations. The cost of upgrading the Baden mill, which has been in operation since 1957, was also a factor, company President and CEO Rob Flack told Feedinfo News Service
The Masterfeeds Inc chief said the Wingham mill, acquired as part of the Land O Lakes deal, was well-placed and there was no longer the demand in Ontario to support both mills.
“There is less capacity in Ontario at present because hog and beef numbers have dwindled,” he said.
