Investment date : June 2018
Champlain Financial Corporation is pleased to announce its acquisition of Baxters Canada Inc. (BCI), a leading manufacturer of canned soups and sauces in Saint-Hyacinthe, Québec, alongside Fonds de Solidarité FTQ, Fondaction and Investissement Québec.
Business description
BCI 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, BCI is now once again in Québec hands.
BCI serves a broad range of consumers with its three product lines (Aylmer, Primo and Baxters), and private label and industrial products. The company also strives to innovate in packaging, recipes and health positioning in order to be responsive to consumer tastes.
Website : http://www.primoheartysoups.ca/