M&A Deal Summary

Humanity Bakeries Acquires Dumas

On February 22, 2021, Humanity Bakeries acquired food company Dumas from Champlain Financial

Acquisition Highlights
  • This is Humanity Bakeries’ 2nd transaction in the Food sector.
  • This is Humanity Bakeries’ 2nd transaction in Canada.
  • This is Humanity Bakeries’ 2nd transaction in Quebec.

M&A Deal Summary
Date 2021-02-22
Target Dumas
Sector Food
Buyer(s) Humanity Bakeries
Sellers(s) Champlain Financial
Deal Type Add-on Acquisition

Target

Dumas

Quebec, Quebec, Canada
Dumas is involved in the production, distribution, and marketing of puff pastries, croissants, and vol-au-vents. The Company sells its products under the “Dumas” brand and through private label brands of large Canadian grocery chains and secondary food processors. With more than 60 people employed in its state-of-the-art facility, Dumas has forged partnerships with leading retailers across Canada and abroad, ensuring the company is well-positioned for continued growth and prosperity. Dumas was founded in 1992 and is based in Quebec.

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Buyer(S) 1

Buyer

Humanity Bakeries

Quebec, Quebec, Canada
Category Company
Founded 2021
Sector Food
DESCRIPTION

Humanity Bakeries offers a range of exceptional quality bakery and pastry products, available in supermarkets, foodservice companies and as private label solutions. Humanity Bakeries is based in Quebec.

DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Quebec) 2 of 3
Country (Canada) 2 of 3
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Maison Isabelle

Trois-Rivieres, Quebec, Canada

Maison Isabelle specializes in the manufacture of four-quarter-style cakes. Maison Isabelle was founded in 1990 and is based in Trois-Rivieres, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Les Aliments 2000

Saint-Augustin-de-Desmaures, Quebec, Canada

Les Aliments 2000 offers a fresh pizza dough, which has since expanded into pie crusts, dough balls, pizza sauce and toppings. Les Aliments 2000 was founded in 1980 and is based in Saint-Augustin-de-Desmaures, Quebec.

Buy -

Seller(S) 1

SELLER

Champlain Financial

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Financial Corporation is a private equity firm focused on acquiring lower middle-market, profitable ($3 to $20 million of EBITDA) companies throughout Canada. Champlain typically targets businesses with a history of sales growth and clearly differentiated products/services. Broad areas of interest include consumer, retail, distribution, healthcare, and niche manufacturing. Champlain Financial Corporation was established in 2004 and is headquartered in Montreal.

DEAL STATS #
Overall 7 of 9
Sector (Food) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Quebec) 7 of 8
Country (Canada) 7 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Humanity Bakeries

Quebec, Quebec, Canada

Humanity Bakeries offers a range of exceptional quality bakery and pastry products, available in supermarkets, foodservice companies and as private label solutions. Humanity Bakeries is based in Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Naya Waters

Montreal, Quebec, Canada

Naya Waters is a bottled water company in canada specializing in the production of natural spring water and spring-water based drinks with a focus on environmental sustainability. Naya Waters is based in Montreal, Quebec.

Buy -
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