Fafard & Frères Ltd. has become a new shareholder of Canadian peat-producer Heveco Ltd. and its Chicago-based subsidiary, J-M Trading. Fafard brings both operational and financial resources to this new partnership. Fafard has been a key customer of Heveco.
Heveco will also benefit from access to other Fafard resources including its research and development and its physical and chemical labs for quality control. In return, Fafard benefits from secure access to Heveco’s extensive peat reserves, as well as the opportunity to assist Heveco in the development of its products and markets.
Rolf and Hans Mecking at Heveco will stay to operate the company’s facility in New Brunswick, Canada, where growing mixes and peat are produced.
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