Saputo Inc. in Agreement for the Acquisition of Boulangerie Rondeau Inc. and Biscuits Rondeau Inc. Activities
Rondeau's activities will complement those of Saputo's Bakery Division; the most important manufacturer of snack-cakes in Canada and a leader in the cereal bar market in Quebec.
11/07/06 Saputo Inc. announced today that it has entered into an agreement to acquire the activities of Boulangerie Rondeau Inc. and Biscuits Rondeau Inc. ("Rondeau"), that manufacture, commercialize and distribute fresh tarts and fresh cookies under the Rondeau, Big Daddy, Original, Authentic, Good and Simple brands, as well as other private brands from their facilities located in the province of Quebec.
Founded in 1995, Rondeau is a leader in the production of fresh cookies in Canada. With annual revenues reaching approximately CDN $14 million, the company employs a total of 145 people in its two plants located in Laval and Quebec City (Canada). The transaction is subject to certain usual closing conditions and should be completed by the end of July 2006.
Rondeau's activities will complement those of Saputo's Bakery Division; the most important manufacturer of snack-cakes in Canada and a leader in the cereal bar market in Quebec.
