Dundee Corporation Acquires Interest in Blue Goose Capital Corporation
09 Décembre 2011 - 11:01PM
Marketwired
Dundee Corporation (TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) ("Dundee"
or the "Company") is pleased to announce today that, through its
wholly-owned subsidiary, Dundee Agricultural Corporation, it has
acquired a majority stake in Blue Goose Capital Corporation, the
100% owner of The Blue Goose Cattle Company Ltd. ("Blue
Goose").
Blue Goose is a privately-owned Canadian company with a leading
position in the organic and natural beef production markets. Blue
Goose has operations in both British Columbia and Ontario. Under
its stewardship, it has 700,000 acres of deeded, leased and
licensed grazing land, as well as one of the largest organic cattle
herds in North America.
Blue Goose is managed by a core group of seasoned agri-business
professionals led by Kevin Reed, its Chairman and Chief Executive
Officer and a significant minority shareholder. David Fraser, a
retired Major General from the Canadian Forces is the Chief
Operating Officer of Blue Goose and Doug Sinclair, the original
founder and President of the cattle company, continues in his
current position. "Doug has built a premier vertically integrated,
organic cattle operation, which has given us a tremendous platform
to build one of the largest producers of clean protein" stated Mr.
Reed.
The Blue Goose Cattle Company Ltd. was founded in 1992 by Doug
Sinclair and has been providing high-quality organic and natural
beef products since its inception. Blue Goose's products are
marketed under the "The Blue Goose Cattle Company" brand name,
which is widely recognized in its markets as the premier producer
of organic and natural beef products. Blue Goose branded products
are sold at leading retailers that specialize in the highest
quality organic and natural products.
The organic and natural food markets, including those for beef,
have been expanding at significant growth rates and Blue Goose
expects this trend to continue for the foreseeable future as
consumers demand healthy, sustainable and traceable premium
products. As such, Blue Goose's strategy is to take advantage of
the significant opportunity to grow its business and supply
increasing amounts of its premier organic and natural beef products
to retailers in order to meet consumer demand. Blue Goose plans to
execute on available expansion opportunities in order to replicate
its proven formula for developing and selling the highest quality
organic and natural Blue Goose branded beef products.
Ned Goodman, President and Chief Executive Officer of Dundee
said "The investment in Blue Goose reflects part of Dundee's
strategy to be involved in inflation protection investments such as
sustainable agriculture, resources, infrastructure and real estate
on a global basis. The Blue Goose acquisition represents an
attractive entry point into the agricultural sector. We are very
excited about this opportunity and look forward to increasing our
exposure to the agricultural asset class."
Contacts: Dundee Corporation Ned Goodman President and Chief
Executive Officer (416) 365-5665 Dundee Corporation Lucie Presot
Vice President and Chief Financial Officer (416) 365-5157
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