M&A Deal Summary

Lassonde Acquires Sun-Rype Products

On January 3, 2020, Lassonde acquired food company Sun-Rype Products from The Jim Pattison Group for 89M CAD

Acquisition Highlights
  • This is Lassonde’s 1st transaction in the Food sector.
  • This is Lassonde’s 2nd largest (disclosed) transaction.
  • This is Lassonde’s 1st transaction in Canada.
  • This is Lassonde’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2020-01-03
Target Sun-Rype Products
Sector Food
Buyer(s) Lassonde
Sellers(s) The Jim Pattison Group
Deal Type Divestiture
Deal Value 89M CAD

Target

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.

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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 2 of 3
Sector (Food) 1 of 2
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-04 Apple & Eve

Port Washington, New York, United States

Apple & Eve is the privately held producer of 100% fruit juice products in the United States. The company offers more than one hundred different juice products sold under a number of brands including Apple & Eve, Apple & Eve Organics, Sesame Street, Northland, and Seneca. The Company’s products are sold through a variety of channels including grocery, club, mass merchandise, convenience and foodservice.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 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.

Buy $235M

Seller(S) 1

SELLER

The Jim Pattison Group

Vancouver, British Columbia, Canada

Category Company
Sector Diversified
DESCRIPTION

The Jim Pattison Group is a diversified group of operating businesses primarily in the United States and Canada. JPG's operating divisions span the automotive, advertising, media, agricultural equipment, food and beverage, entertainment, exporting, financial, real estate and periodical distribution industries.


DEAL STATS #
Overall 2 of 3
Sector (Food) 1 of 1
Type (Divestiture) 2 of 3
State (British Columbia) 2 of 2
Country (Canada) 2 of 3
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 The Jim Pattison Group - U.S. Magazine Distribution Related Assets

Vancouve, British Columbia, Canada

The Jim Pattison Group - U.S. Magazine Distribution Related Assets includes its distribution centers, depots, vehicles, systems, retailer contracts, publisher contracts, management personnel, and related employees.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 Genpak Flexible

Aurora, Ontario, Canada

Genpak Flexible is a provider of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. Genpak Flexible was founded in 1959 and is based in Aurora, Ontario.

Sell -