Quebec public pension fund invests in processor
A Montreal foodservice and food processor receives a sizable equity investment
Montreal – The Caisse de dépôt et placement du Québec has made a sizable equity investment in a Montreal-based foodservice and processing company.
Investissement BSA Inc. – a provider to the food and meat processing industries in Quebec, Ontario and the Maritimes – received $7.8 million from the Caisse, Quebec’s public pension fund manager.
The company says the investment will go toward supporting its Canadian and international expansion projects.
Through the investment the Caisse says it will participate in the transfer of BSA’s ownership and support its marketing projects.
BSA was founded in 1989, selling ingredients and providing technical services to the food industry. The company was the first in Quebec to promote the use of irradiation for the treatment of spices.
The company has a sales office and a warehouse in Ontario, a subsidiary and a custom blend plant in India, and a division that sells seasonings, spices and other products to artisan butcher shops and delicatessens. The company has 135 employees, including 120 in Quebec.