Investment date: February 2016
Founded in 1946, L.B. Maple Treat is the largest independent distributors of pure maple syrup worldwide. L.B. Maple Treat produces and distributes maple syrup and a wide variety of related products to markets in North America, Europe and Asia. Champlain recruited seasoned CEO with experience branding and international distribution. Completed 2 tuck-in acquisitions in year 1.
Investment Highlights
Maple syrup is a large, growing “on trend” category; global demand for pure maple syrup has been growing at 5-6% per year since 2010
L.B. Maple Treat is one of three major maple syrup bottlers in the world in an otherwise fragmented market – making it well positioned to grow through acquisitions
The recently adopted Transpacific trade agreement should accelerate organic sales growth in Asia
The company only utilizes a portion of its state of the art bottling facility, allowing for growth with minimal additional investment
Successful exit
Sold to Lantic Inc. (owned by Rogers Sugar Inc.) in 2017
Website: http://www.lbmapletreat.com/