An investor group led by Champlain Financial Corporation has announced the acquisition of Quebec bakery Maison Isabelle under its newly-formed investment platform, Humanity Bakeries.
The group of Quebec investors has established Humanity Bakeries, an investment platform focused on the specialised bakery and pastry industry in the province.
Founded in 1990, Maison Isabelle is a Trois-Rivières company that specialises in the manufacture of four-quarter-style cakes and cookies that are sold to retail across North America.
The deal – which was made for an undisclosed sum – will see the company become part of Humanity Bakeries’ portfolio, joining Boulangerie-Pâtisserie Dumas, a Canadian producer of puff pastry and croissants that Champlain acquired in June 2020.
The companies forming part of Humanity Bakeries will be led by Dominque Bohec, the current president and shareholder of Maison Isabelle.
“In 2015, when I acquired Maison Isabelle, my vision was to bring our industry together by creating a platform under the name Bakery Humanity to build a dominant player in the industry,” said Bohec.
“When Champlain approached me, I really saw the opportunity to join forces to achieve this goal. Each business owned by Bakery Humanity will be operated independently and must have a sustainable development plan based on the environment, respect and social contribution,” he added.
Last year, an investor group also led by Champlain acquired Canadian popcorn manufacturer Bad Monkey.
© FoodBev Media Ltd 2024