Market News
31Oct2007 |
Lassonde Acquires McCain Foods Ready-to-Drink Fruit DrinksA. Lassonde Inc. and parent company Lassonde Industries Inc., based in Rougemont, Que., has announced that it has concluded an agreement to acquire assets related to the manufacture and marketing of McCain Foods (Canada) ready-to-drink fruit juices and fruit drinks. The deal is worth $13.9 million and will also see Lassonde acquiring a juice plant in Calgary, production equipment being transferred from Toronto and Grand Falls, N.B., and trademarks and licensed use of the McCain trademark for periods of up to three years. Source: Canadian Grocer E-Newsletter, Oct. 31, 2007 
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