Transaction|November 17, 2017

Ontario Teachers' acquires North America's leading mussel producer

Torys acted as counsel to Ontario Teachers' Pension Plan Board, along with Cox & Palmer LLP, with a team that included Laurie Duke and Stephen Neil.

On November 17, 2017, Ontario Teachers' Pension Plan (Ontario Teachers') announced the acquisition of Atlantic Aqua Farms, the largest grower of live mussels in North America, from San Francisco-based Encore Consumer Capital.

The purchase marks Ontario Teachers' first venture into the realm of aquaculture.

Atlantic Aqua Farms is the largest grower and processor of the widely-recognized, high-quality Prince Edward Island mussels under the brand names Canadian Cove and Confederation Cove, and also offers a wide selection of branded oysters, clams, and live Maine and Canadian lobster.

Ontario Teachers' is Canada's largest single-profession pension plan, with C$180.5 billion in net assets at June 30, 2017.

Further information can be found on PR Newswire's website.