Sector News

Weston Foods announces the purchase of Starr Culinary Delights Inc.

March 9, 2015
Consumer Packaged Goods
/CNW/ – Weston Foods, a subsidiary of George Weston Limited (“Weston”) (TSX: WN), announced today that it has completed the purchase of Starr Culinary Delights Inc. (“Starr”) of Mississauga, Ontario.  Starr has over 25 years of experience baking a full range of cakes made with the highest quality ingredients for the North American market. Starr’s products are sold to retail and foodservice customers across Canada and the United States and include a wide range of cake and dessert products such as Starr’s signature coffee cakes, cheese cakes, loaf cakes, layer cakes, cupcakes, tarts, mousses and more.
 
Kevin McDonough, President of Frozen and Biscuit Divisions, commented “This strategic acquisition will complement our growing cake and sweet goods business with high quality, innovative and unique products and capabilities. We continue to enhance our product offering for our customers and consumers throughout North America. Weston Foods is excited to partner with Kelly Perera and Christian Perera, who will continue to play a key role in the future of Starr under Weston Foods’ ownership.” This acquisition supports Weston Foods’ commitment to grow and offer best-in-class, innovative and quality bakery products to the North American market.
 
George Weston Limited is a Canadian public company founded in 1882 and through its operating subsidiaries constitutes one of North America’s largest food processing and distribution groups.  Weston has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Companies Limited.  The Weston Foods operating segment is primarily engaged in the baking industry within North America.  Loblaw is Canada’s largest food distributor and a leading provider of general merchandise, drugstore and financial products and services.
 
Source: George Weston Limited

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