Champlain Financial-led consortium to acquire Baxters Canada
An investor group led by Canadian private equity firm Champlain Financial Corp has agreed to acquire Baxters Canada Inc, a Saint-Hyacinthe, Québec-based maker of canned soups and sauces. The deal's value was not disclosed. Fonds de solidarité FTQ, Fondaction and Investissement Québec, Champlain's partners, are each committing $8 million. Baxters Canada was formerly an affiliate of Scotland's Baxters Food Group Ltd and entered Canada in 2004 with the buy of SoupExperts Inc. Fonds de solidarité FTQ's Alain Denis said the deal will support the company in a consolidating domestic sector and help it penetrate U.S. and Mexican markets and develop new products.
20 June 2018•5 mins read
