Caisse de dépôt and BDC invest $17.5 mln in Québec chicken processor

Canadian pension fund manager the Caisse de dépôt et placement du Québec and the Business Development Bank of Canada (BDC) have together invested $17.5 million in Sunchef Foods Inc. The Caisse is contributing $10 million to the deal, while BDC is contributing $7.5 million. Founded in 1996, the Montréal-based company is focused on the chicken processing industry. Investment proceeds will assist Sunchef in completing its Anjou plant expansion and diversifying its product lines for the retail and food services markets.

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