©Bad Monkey Popcorn
An investor group led by Champlain Financial Corporation (CFC) has announced its acquisition of Canadian popcorn manufacturer, Bad Monkey.
Founded in 2014, the company produces ready-to-eat popcorn, microwavable popcorn and other confectionery items, sold under the Bad Monkey brand.
Under its new ownership, Bad Monkey will reportedly accelerate product development and widen its distribution network across Canada and in the US.
“I’m looking forward to working alongside the management team to help accelerate Bad Monkey’s growth,” said CFC advisory partner Andre La Forge, who joins Bad Monkey as a director.
“Bad Monkey’s strong reputation for creative and fun products will continue to fuel its growth throughout Canada and eventually the US.”
Bad Monkey co-founders, Joseph and Fabio Zeppilli, will remain co-CEOs of the company.
The Zeppilli brothers said: “This exciting new partnership will allow Bad Monkey to reach amazing new levels in a very short period of time. Our goal is to be the industry leader in North American popcorn production and distribution, and we are absolutely confident that with the help of CFC, this is going to happen.”
The financial terms of the transaction have not been disclosed.
© FoodBev Media Ltd 2020