Add-on Acquisition • Food

Valeo Foods Acquires Bernard

On May 4, 2022, Valeo Foods acquired food company Bernard from Phoenix Partners

Acquisition Context
  • This is Valeo Foods’ 9th transaction in the Food sector.
  • This is Valeo Foods’ 1st transaction in Canada.
  • This is Valeo Foods’ 1st transaction in Quebec.

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M&A Deal Summary

Date May 4, 2022
Target Bernard
Sector Food
Buyer(s) Valeo Foods
Sellers(s) Phoenix Partners
Deal Type Add-on Acquisition
Advisor(s) TD Securities (Financial)
DuMoulin Black (Legal)

Target Company

Bernard

Saint-Victor, Quebec, Canada
Bernard is a manufacturer of pure maple syrup and the products are sold in more than 40 countries around the world with primary distribution in the US and Canada. Bernard was formed in 1966 and is based in Saint-Victor, Quebec.
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Buyer Overview 1

Buyer

Valeo Foods

Dublin, Ireland

Category Company
Founded 1845
Sector Food
DESCRIPTION

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 9 of 11
Sector: Food 9 of 11
Type: Add-on Acquisition 6 of 8
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Schluckwerder

Adendorf, Germany

Schluckwerder is a manufacturer of marzipan, nougat, and chocolate specialties for the German retail industry. Rich in tradition, Lübeck-based marzipan manufacturer Erasmi & Carstens from 1845 also belongs to the group. Schluckwerder’s products are part of the core assortment in retail chains such as Lidl, Aldi, Penny, and Netto. The company has more than 550 employees and sells its confectionery products in 44 countries. Schluckwerder was formed in 1956 and production facilities are located in the North German towns of Adendorf and Lübeck.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Dal Colle

Colognola Ai Colli, Italy

Dal Colle produces a range of bakery products, sweet treats, and snacks for every occasion including Pandori, Panettoni, and Croissants. Dal Colle is based in Colognola Ai Colli, Italy.

Buy -

Seller Profile 1

DESCRIPTION

Phoenix Partners is a private equity firm that seeks lower middle-market company investments throughout Quebec. The Firm prefers profitable ($5 to $20 million of EBITDA) businesses operating in traditional industries. Sectors of interest include manufacturing, food processing, distribution, consumer packaged goods, plastics, transportation, and metal products. Phoenix Partners is headquartered in Montreal.


Deal Context for Seller #
Overall 1 of 2
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 2
State: Quebec 1 of 1
Country: Canada 1 of 2
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Nita

Terrebonne, Quebec, Canada

Nita is a manufacturer of the most technologically advanced and intuitive labeling systems. The company uses simplified architecture and off-the-shelf electronics in order to make its machines more robust and easier to maintain. Nita was founded in 1990 and is based in Terrebonne, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Alimentation Dynamic

Terrebonne, Quebec, Canada

Alimentation Dynamic specializes in the distribution and processing of packaged imported and domestic meats for food processors and retailers. Alimentation Dynamic was founded in 2005 and is based in Terrebonne, Quebec.

Buy -

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