M&A Deal Summary

Lassonde Acquires Zidian Group

On June 21, 2024, Lassonde acquired food company Zidian Group for 235M USD

Acquisition Highlights
  • This is Lassonde’s 2nd transaction in the Food sector.
  • This is Lassonde’s largest (disclosed) transaction.
  • This is Lassonde’s 2nd transaction in the United States.
  • This is Lassonde’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-06-21
Target Zidian Group
Sector Food
Buyer(s) Lassonde
Deal Type Add-on Acquisition
Deal Value 235M USD

Target

Zidian Group

Boardman, Ohio, United States
Zidian Group produces and distributes food products that exceed consumer quality and taste expectations as well as deliver exemplary dining experiences. The group also manufactures various private-label products in a LEED-certified food manufacturing facility, Summer Garden Food Manufacturing. Zidian Group is based in Boardman, Ohio.

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Buyer(S) 1

Buyer

Lassonde

Rougemont, Quebec, Canada
Category Company
Founded 1918
Sector Food
Employees2,700
Revenue 2.3B CAD (2023)
DESCRIPTION

Lassonde develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. Lassonde Industries, Inc. offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, and pasta sauces. In addition, it imports and markets selected wines; and produces apple cider and cider based beverages. Lassonde was incorporated in 1918 and is based in Rougemont, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-03 Sun-Rype Products

Kelowna, British Columbia, Canada

Sun-Rype Products Ltd. manufactures and sells a variety of ready-to-drink fruit-based juices and drinks under the Sun-Rype brand and fruit-based snacks under the Sun-Rype, Fruit to Go, FruitSource and Good Bites brands. Sun-Rype Products Ltd. customers include grocery stores, club stores, and mass merchandisers, as well as wholesalers and drug stores.

Buy CA$89M
Mergr

Product

Company

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