ST. HYACINTHE, QUEBEC – Préval AG, an international agri-food company, acquired the assets of Sutton, Mass.-based J&G Foods, a supplier of case-ready fresh meat. Details of the transaction were not disclosed.
Préval is owned and operated by the Quebec-based Fontaine family. The agri-business generates $575 million in sales and employs more than 1,400 in Canada, the United States and South America.
“We are excited to add what is now J&G 2021 to our diversified family of companies,” said Fabien Fontaine, Préval AG president and founder. “J&G has a well-deserved reputation for quality meat products and great customer service.”
J&G will join Préval AG’s six other meat companies, including Montpak International in Canada and Catelli Brothers in the United States. The subsidiaries provide veal, lamb and beef processing and packaging to retail and foodservice customers throughout the Americas. J&G specializes in portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of marinated and value-added meats.
Bill Leva, president of J&G Foods, was named chief executive officer and will continue to lead the new company, along with the current management team. Tony Catelli, president and CEO of Catelli Brothers, will also be president of J&G 2021 and manage Préval AG’s entire US meat operations.
“All of us at J&G are pleased to join a leader in the agri-food industry and we look forward to bringing our specialized skills to help make Préval AG even more successful,” Leva said. “Our customers, which include some of the most recognized in the supermarket industry, can be assured that they can expect the same high level of service and the same high-quality products that they have received from us since our founding in 1999.”