Building Block Associates

  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers
  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers

Three Financial Partners Team Up to Acquire Leading  Canned Soup and Sauce Manufacturer, Baxters

6/21/2018

0 Comments

 
Picture
Established in Saint-Hyacinthe, Baxters Canada manufactures products under the brands Baxters, Aylmer, Primo and under private labels. Image: Baxters Canada Website
SAINT-HYACINTHE, QC -- The Fonds de solidarité FTQ, Fondaction and Investissement Québec are partnering with Champlain Financial Corporation to acquire  Baxters Canada Inc., a leading manufacturer of canned soups and sauces in Saint-Hyacinthe, Québec. The three financial partners (Fonds, Fondaction, Investissement Québec) are each investing $8 million dollars and will become Baxters Canada shareholders.

Also read, Olymel Acquires Ontario Company Pinty's Delicious Foods Inc.

"With this acquisition, the Fonds can help fuel the growth of agri-food exports and position a Québec company in a mature sector that is undergoing consolidation in Canada. Baxters Canada is poised to penetrate the U.S. and Mexican markets as well as develop new products. We have confidence in the skills and experience of the management team, whose mandate will be to drive the company's growth said, " Alain Denis, Senior Vice-President, Innovation and Agri-food, Fonds de solidarité FTQ.

Baxters Canada Inc. was the Canadian subsidiary of Scotland-based Baxters Food Group Ltd., the leading player in the Canadian market for private label products. Still one of the largest soup manufacturers in Canada, Baxters Canada is now once again in Québec hands.

"We decided to participate in this acquisition, which will help preserve close to 200 quality jobs in Saint-Hyacinthe, because we have confidence in the Québec biofood sector. We're sure that Baxters will be able to innovate to continue growing and increasing its exports abroad. The company is a member of TransformAction, a Montérégie niche of excellence. At Fondaction, we're proud to contribute to the sustainable development of all regions of Québec." said, Geneviève Bouthillier, Deputy Chief Investment Officer, Fondaction.

Baxters Canada serves a broad range of consumers with its three product lines (Aylmer, Primo and Baxters), and private label and industrial products. Products include condensed and ready-to-serve soups, broths, sauces and ready-to eat pasta and meals in packets. The company also strives to innovate in packaging, recipes and health positioning in order to be responsive to consumer tastes.

The company has invested in equipment for the Saint-Hyacinthe plant to support growth and meet the highest standards. The plant holds internationally recognized GFSI certification.

SOURCE Baxters Canada
0 Comments



Leave a Reply.

    Go to blog
    Advertisement

    RSS Feed

    News & Updates

    Stay informed with the latest news around foodservice, agriculture and other related food news.

    Do you Enjoy our E-news & Updates?
    Get our foodservice E-news, blogs and LTO's sent to your inbox, SUBSCRIBE HERE.

    Advertisement Opportunities 
    To get your foodservice business in our daily e-news, here.

    Archives

    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015

    Categories

    All
    Agriculture And Food Safety
    All Day Breakfast Menu
    Beans Benefits
    Beverage Company
    Building Construction
    Candy Company
    Carbonated Drinks
    Chicken Farm
    Dairy Production
    Fast Food
    Fast Food Chains
    Food Prices
    Generation Z
    Genetically Modified Organisms
    Gluten Free
    Grocery Retailer
    Healthy Meals For Kids
    Imported Foods
    Imported Foods From Other Countries
    Liquor Licence
    Milk Industry
    Milliennials
    National Food Holidays
    Nut Allergies
    Organic & Natural
    Processed Foods
    Produce Industry
    Restaurant
    Restaurant Management
    Restaurant Ordering System
    Restaurateurs
    Seafood
    Sustainable Resources
    Sweet Snacks
    Sweet Tasting Desserts
    Tree Nuts
    Value Menu Offering
    Ways To Reduce Food Waste

    Picture
    Advertisement
    Picture
Powered by Create your own unique website with customizable templates.