Compass-owned Manitoba Harvest buys Hemp Oil Canada
Fresh Hemp Foods Ltd, a.k.a. Manitoba Harvest, acquired in July by U.S. private equity firm The Compass Group, has bought Hemp Oil Canada Inc. The purchase price was about $42 million. Based in Ste. Agathe, Manitoba, Hemp Oil Canada is a wholesale producer, private label packager and custom processor of hemp food products and ingredients. Compass said the deal will expand Manitoba Harvest's manufacturing capacity, build out its ingredients business, and grow and diversify its customer base. As reported by PE Hub Canada, the sale of Manitoba Harvest to Compass for $132.5 million gave an exit to its backer, Canadian venture capital firm Avrio Capital.
15 December 2015•4 mins read
