Sector News

Lassonde acquires Sun-Rype for $80m and expands its juice portfolio

November 1, 2019
Food & Drink

Lassonde Industries has entered an agreement to acquire Canadian fruit-based snack and beverage manufacturer Sun-Rype from the Jim Pattison Group for $80 million.

As part of the deal, Lassonde will assume ownership of Sun-Rype’s plants in Kelowna, Selah and Wapato.

According to Lassonde, the acquisition will strengthen its presence in the branded juice and drinks sectors in Western Canada and North-Western US. It also aims to enhance both companies’ commercial network to improve its support to national retailers in Canada.

Sun-Rype manufactures and sells a variety of ready-to drink fruit-based drinks and snacks, under its brands Sun-Rype, Fruit to Go, FruitSource and Good Bites.

Owner of brands such as Apple & Eve, Old Orchard and Rougemont, Lassonde is a North American manufacturer and seller of ready-to-drink fruit and vegetable juices. The company also manufactures apple ciders and cider-based beverages and has 15 plants established across Canada and the US.

“Sun-Rype is a recognised and respected brand in the market, and Lassonde intends to keep it alive for a very long time,” said Jean Gattuso, president and chief operating officer of Lassonde Industries.

Gattuso added: “By joining forces, Lassonde and Sun-Rype will be well positioned to become a leading fruit-based snack and beverage company in Canada and the US. Hence, they will be able to provide a greater range of products to all Canadian and US consumers and retailers from coast to coast.”

President of Sun-Rype Lesli Bradley said: “Lassonde’s rich history in the marketplace and its growth and diversification makes it a strong leader in the industry. Adding the Sun-Rype brand and infrastructure to Lassonde will strengthen Sun-Rype and provide it, its employees and customers with great opportunities for the future.”

The deal is expected to close towards the end of 2019 subject to customary conditions.

By Emma Upshall

Source: FoodBev

comments closed

Related News

November 28, 2021

“Free from” trends take on myriad of meanings as health and environmental concerns come into sharper focus

Food & Drink

Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.

November 28, 2021

Arla Foods Ingredients unveils milk fractionation tech for infant, sports and medical nutrition

Food & Drink

Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.

November 28, 2021

Oatly opens first Chinese production facility

Food & Drink

Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.

Send this to a friend