Lassonde completes its purchase of the assets of Mondiv Food Products Inc.

About this update from Lassonde Industries, Inc. Class A

[{"type":"text","content":"\n\n\n\nROUGEMONT, QC, Nov. 26 /CNW Telbec/ - Lassonde Industries Inc.\n(LAS.A-TSX) today announced that its subsidiary Lassonde Specialties Inc., a\nmanufacturer of specialty food products best known under the CANTON trademark,\nhas completed its previously announced purchase of the business and related\nassets of Mondiv Food Products Inc. The purchased assets include a production\nplant in Boisbriand, Quebec, the ANTICO trademark, and Mondiv's working\ncapital. The purchase price of the assets is $18.9 million subject to usual\nadjustments.\n\n\n"This acquisition should enable Lassonde Specialties Inc. to diversify\nits current product line and packaging offering, to enhance its product\ndevelopment capability, and to extend its market to North America as a whole,"\nstated Jean Messier, President and Chief Executive Officer of Lassonde\nSpecialties Inc.\n\n\nMondiv Food Products Inc. is a leading private label manufacturer of\nlong-shelf-life specialty food products sold primarily to U.S. and Canadian\nfood chains and distributors. The primarily glass-jar products are processed\nat the Boisbriand plant and include mainly pasta and other specialty sauces,\nbruschetta, tapenades, and artichoke antipastos. The state-of-the-art plant is\nUSDA compliant, HACCP approved, and certified organic by the Quality Assurance\nInstitute (QAI). Mondiv has net sales of $25 million, to U.S. and Canadian\ncustomers.\n\n\nLassonde Specialties' mission is the development, manufacturing, and\nmarketing of unique food products for niche markets.\n\n\n%SEDAR: 00002099EF\n\n\n","length":1630,"tagName":"div"}]

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