Rogers Sugar has acquired L.B. Maple Treat Corporation for $40 million
Montreal and Vancouver – Rogers Sugar Inc. has acquired a Dégelis, Que.-based maple syrup producer for $40 million.
Rogers Sugar says in a statement that acquiring L.B. Maple Treat Corporation will help the company grow its presence in the maple syrup sector.
L.B. Maple Treat Corporation operates as Decacer and is owned by the Levasseur Family. The company makes candies and sugar granules, coffee and tea, a gourmet line, cookies, fruit syrups, spreads and pure maple syrup under the L.B. Maple Treat brand; and pure maple syrup and pure organic maple syrup under the Uncle Luke’s brand.
It also produces candies and sugar granules, coffee and tea, cookies, fruit syrups, a gourmet line, pure maple syrup and spreads for private label.
Rogers Sugar says “Decacer will broaden our maple syrup operations and expand our product offering, including a unique maple sugar dehydration technology.”
Eliott Levasseur, vice-president of Decacer, says in the statement that the companies are a great fit. “Once combined,” he adds, “we see opportunities to leverage sales and marketing efforts and fully take advantage of favourable growth trends in the maple syrup industry.”