Lassonde Industries
 | |
| Company type | Public |
|---|---|
| TSX: LAS.A | |
| Founded | 1918[1] |
| Founder | Aristide Lassonde |
| Headquarters | Rougemont, Quebec, Canada |
Area served | Canada, United States |
Key people | Pierre-Paul Lassonde (Chairman) |
Number of employees | 2,100[citation needed] |
| Subsidiaries | A.Lassonde, Apple & Eve, Clement Pappas & Company, Lassonde Specialties, Arista Wines, Oasis, Rougemont, Old Orchard Brands, Sun-Rype Products Ltd. |
| Website | lassonde.com |
Lassonde Industries Inc. is a Canadian agri-food company located in Rougemont and Montérégie, with operations throughout North America.
History
Lassonde Industries Inc. acquired The Jim Pattison Group's indirect, wholly owned subsidiary Sun-Rype Products Ltd. for $80 million CAD, in an all cash deal expected to close before the end of the 2019 calendar year.[2][3] As well, in announcing the purchase, it was reported that Sun-Rype had $164 million CAD in gross sales for their fiscal year ended September 30, 2019, and $9 million CAD in EBITDA.[3][2]
Activities
Lassonde Industries develops, produces, and markets a wide range of ready-to-drink fruit and vegetable juices and drinks. It also develops, produces, and markets specialized food products including fondue broths and sauces, soups, sauces, packaged corn on the cob, bruschetta toppings, tapenades, pestos, and pizza and pasta sauces. Finally, the company imports, packages, and markets wine from various countries, as well as apple cider and other wine-based beverages.
References
- ^ "History of Lassonde - Food manufacturing since 1918". Archived from the original on 2014-12-12. Retrieved 2014-12-16.
- ^ a b Lassonde Industries Inc. (29 October 2019). "Canadian-owned companies Lassonde Industries Inc. and Sun-Rype Products Ltd. to join forces". Lassonde Industries Inc. Retrieved 30 October 2019.
- ^ a b Michaels, Kathy (29 October 2019). "Deal to sell Sun-Rype for $80 million underway". INFOnews.ca, a division of InfoTel Multimedia, Ltd. Retrieved 30 October 2019.