
Sollio Cooperative Group is a leading agricultural cooperative in Canada, with a rich history dating back to 1897. Founded by a group of farmers in Quebec, the cooperative has grown to become one of the largest in the country.
The cooperative's membership consists of over 6,000 farmers across Canada, who collectively own and control the business. This unique ownership structure allows farmers to have a direct say in the cooperative's operations and decision-making processes.
Sollio Cooperative Group operates through a network of 13 regional cooperatives, each serving a specific region of Canada. This decentralized approach enables the cooperative to respond effectively to local market conditions and customer needs.
With a strong focus on innovation and technology, Sollio Cooperative Group has implemented various digital solutions to improve efficiency and productivity across its operations.
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Financials
Sollio Cooperative Group has raised a total of $509.67M over 4 rounds of funding.
The company's latest funding round was a Unattributed VC - III for $150M on October 5, 2020, led by Fondaction, Fonds de Solidarite FTQ, La Caisse, and Rabo Investments.
Sollio Cooperative Group's first funding was a Private Equity round on December 5, 2013.
Here's a breakdown of the company's funding rounds:
The company's valuation is not publicly disclosed, but it's worth noting that the valuation was not provided for any of the funding rounds.
Investors and Acquisitions
Sollio Cooperative Group has 7 investors, including Fondaction, which invested in the company's Unattributed VC - III funding round. Fondaction's involvement with Sollio Cooperative Group spans from 2013 to 2020, with multiple funding rounds.
Sollio Cooperative Group's investors are diverse, with Fondaction being a Public-Private Partnership from Canada, and others including Fonds de Solidarite FTQ, La Caisse, Rabo Investments, and Desjardins Capital.
Sollio Cooperative Group has made 3 acquisitions, with its latest one being F. Menard - Pork and Milling Assets on July 10, 2019.
Investors
Sollio Cooperative Group has a total of 7 investors backing its operations.
Fondaction is one of the key investors, having invested in Sollio Cooperative Group's Unattributed VC - III funding round.
Sollio Cooperative Group's investors are a mix of public-private partnerships and corporate ventures.
Fondaction has a long-term investment in Sollio Cooperative Group, starting from 2013 and continuing until 2020.
Here's a list of Sollio Cooperative Group's investors:
Fondaction has invested in multiple rounds of funding for Sollio Cooperative Group, including Unattributed VC (2017), Unattributed VC - II (2019), and Unattributed VC - III (2020).
Acquisitions
Sollio Cooperative Group has made its mark in the business world through strategic acquisitions. They acquired F. Menard - Pork and Milling Assets on July 10, 2019, for a valuation of $XXM.
Sollio Cooperative Group's acquisition spree doesn't stop there. They have made two other acquisitions, but the details are not publicly available due to subscription requirements.
One of their acquisitions occurred on April 24, 2018, but the company name and valuation are not disclosed. Another acquisition took place on March 22, 2018, with similar information not available.
Here are the details of Sollio Cooperative Group's acquisitions:
Investments
Sollio Cooperative Group has made a total of 1 investment.
Their latest investment was in South West Ag Partners as part of their Secondary Market on March 22, 2018.
About Sollio
Sollio Cooperative Group is a significant player in Canada's agricultural industry, with a rich history dating back to 1922. Its roots are in Quebec, where it has been cultivating growth and production ever since.
Sollio's impressive workforce consists of 16,150 employees and an additional 7,000 workers, making it a substantial contributor to the country's economy.
Co-op Branding Evokes Soil, Sun, Solidarity
La Coop fédérée's new branding is a big deal, and it's all about evoking the words soil, sun, and solidarity. This Canadian agri co-operative has adopted a new trading name to better reflect its contribution to the sustainability of farm families.
The co-op's roots go way back to 1922, and it's now one of the largest agri-food enterprises in Quebec, the only pan-Canadian agricultural supply co-op, and the 27th largest agri-food co-op in the world.
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With over 122,000 members, agricultural producers, and consumers in 50 traditional agricultural and consumer cooperatives across Canada, La Coop fédérée is a force to be reckoned with. It employs more than 15,000 people and has sales of CA$7.282bn.
The co-op operates an agricultural division – Solio Agriculture, a food division Olymel L.P., and a retail division – Groupe BMR.
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About
Sollio Cooperative Group is a big deal in Canada, with a strong connection to Quebec.
They've been around since 1922, which is a long time. That's even longer than some of the country's oldest traditions.
Their employees are a dedicated bunch, with 16,150 people working hard every day. That's a lot of people working together towards a common goal.
Frequently Asked Questions
Who owns Olymel?
Olymel is owned by Sollio Cooperative Group, a Canadian co-operative company. As Canada's largest co-operative company, Sollio Cooperative Group holds a majority stake in Olymel.
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