Bonduelle Americas Long Life partially sold to the Fonds de solidarité FTQ and CDPQ
By Food in Canada StaffBusiness Operations Bonduelle
The Bonduelle Group has obtained approval from U.S and Canadian regulatory authorities to finalize the agreement with institutional investors Fonds de solidarité FTQ and CDPQ, for the acquisition, in equal shares between them, of 65 per cent of Bonduelle Americas Long Life (BALL) and on the basis of an enterprise value of C$850 million.
With a revenue of C$943 million for financial year 2020-2021, BALL is dedicated to the processing and marketing of canned and frozen vegetables in the United States and Canada, in the retail supermarket and food service sectors, mainly with private labels, third-party brands and own brands such as Arctic Gardens and Del Monte.
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