Lassonde to acquire PE-backed Apple & Eve for $150 mln
Lassonde Industries Inc (TSX: LAS.A) has agreed to acquire Apple & Eve LLC for a total cash consideration of US$150 million. The transaction is expected to be completed this month. Lassonde, a Rougemont, Québec-based marketer and manufacturer of fruit juices and drinks, said the acquisition would provide it with Apple & Eve's complete line of juice and drink brands, as well as new growth opportunities in the United States. Apple & Eve, which has its headquarters is Port Washington, New York, is a portfolio company of U.S. private equity firm ClearLight Partners. ClearLight invested in the company in October 2007.
4 July 2014•5 mins read
