Lassonde (TSE:LAS.A) has released an update.
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Lassonde Industries Inc. is set to acquire Summer Garden Food Manufacturing, a U.S.-based specialty food producer, for $235 million with an additional $45 million contingent on performance targets. The move will expand Lassonde’s reach in the North American food and beverage sector and aligns with its strategic goal to diversify its specialty food operations. Summer Garden is recognized for its premium sauces and condiments and is a family business like Lassonde, promising a cultural synergy post-acquisition.
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