Upon closing of the transaction, expected to occur in July 2014, Lassonde will have a 90% equity interest in Apple & Eve and its complete line of juice and drink brands distributed widely across the US.
Through its existing equity interest in the acquiring US subsidiary and a capital contribution to the acquisition financing, members of the Lassonde family will own the remaining 10% equity interest.
“Our entry into the branded juice business in the US represents another major milestone in our North American strategy,” said Pierre-Paul Lassonde, chairman of the board and CEO of Lassonde Industries. “It is aligned with our strategy of consistent, measured growth and enhances our overall position in the industry by providing an excellent platform for the future.”
Source: Lassonde
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