In line with our vision to be recognized by our customers as “The very best environmental solution provider in the agri-food industry”, Sanimax has entered into an agreement to create a joint venture with Twin City Hide, Inc. for the management of operations and sales activities of our hides and leather business segment.
As part of this agreement, Sanimax and Twin City Hide agreed to combine their expertise in the creation and operation of a new company which will be named Titletown Leather, and whose activities will take effect August 29th. To ensure the success of this partnership, all operations employees working in this sector were informed that they will join Titletown Leather as of January 1st 2017.
We are excited with this agreement that consolidates both companies’ expertise and know-how in this highly specialized sector. There are two major reasons for this decision. The knowledge and reputation of Twin City Hide will enable Titletown Leather to be an important player in the hides market, which will in turn enable us to be even more successful in hides as well as our core business, rendering. In addition, joining forces will allow us to better support our business vision in the fields of expertise that have made us successful in our history.
I am very pleased with this transaction, which fits perfectly into our business plan, meets our objectives, secures our employees’ jobs and consolidates this segment of our operations. We were good in leather, but we want to be the very best!