Canadian consumer packaged meats company Maple Leaf Foods has agreed to acquire value-added meat product producer VIAU Foods for $215 million.

This acquisition expands Maple Leaf’s position in the growing market for premium dry cured and pepperoni meat products and provides further production capacity in Quebec, an important strategic base to grow both Canadian and U.S. sales.

The deal also enables VIAU to expand its portfolio to include raised without antibiotic products, leveraging Maple Leaf’s leadership in this growing market.

The transaction, which includes $30 million in Maple Leaf stock, is expected to close in December, subject to regulatory review.