Latest news for Lassonde Industries (OTC:LSDAF) Stock

Lassonde Industries Inc isfood and beverages industry in North America. It develops, manufactures, and markets a wide range of private label and national brand products, including ready-to-drink beverages, fruit-based snacks as well as frozen juice concentrates. It is also a producer of cranberry sauces and specialty food products such as pasta sauces, soups and fondue broths and sauces. The company operates through a single segment. Its single operating segment generates revenues from the sale of products including ready-to-drink beverages, fruit-based snacks, frozen juice concentrates and specialty food products as well as from rendering services related to the sale of these products. It earns the majority of the revenue in the United States.

News

Intraday Update

Markets

Movers

Trading Ideas

ACSAY

ACTG

ALLO

AMSC

ANAT

APTS

ATONY

AVNS

BOXS

BRDCY

BRID

BRRAY

BSAC

CALM

CATC

CBDL

CEQP

CHFS

CNDT

CNTMF

CORE

CVGI

DFIN

DLTR

DYLLF

EGLE

ELGX

ENDO

ENTA

EVTI

FCBC

FCUUF

FQVTF

FRBK

GALKF

GALT

GLBS

GLOG

GMLP

GPOR

GRNH

GVXXF

HAYN

HDRPF

HRTG

HRVOF

HSNGF

IMAX

ISUZY

JAPSY

JNPR

KELYA

KLXE

KRKR

LFCOF

LKCO

LQDT

LSDAF

LTRPA

MCHVY

MFCSF

MGPI

MGYOY

MKGI

MNRO

MTST

NEAPF

NGVT

NHTC

NOVN

Stocks That Hit 52-Week Lows On Thursday

LASSONDE INDUSTRIES INC by Lassonde Industries Inc.

Lassonde Industries Inc

Lassonde Industries Inc. (TSE:LAS.A) has released an update. Lassonde Industries Inc., a leader in the North American food and beverage industry, h...

Lassonde Industries Announces Board Election Results

Lassonde Industries to buy U.S.-based Summer Garden Food Manufacturing

Lassonde (TSE:LAS.A) has released an update. Lassonde Industries Inc. is set to acquire Summer Garden Food Manufacturing, a U.S.-based specialty fo...

Lassonde Industries Expands with U.S. Acquisition

There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Freshpet (FRPT – Research Report) and Lassonde (...

Analysts Offer Insights on Consumer Goods Companies: Freshpet (FRPT) and Lassonde (OtherLSDAF)

National Bank analyst Ryan Li CFA maintained a Buy rating on Lassonde (LSDAF – Research Report) today and set a price target of C$182.00. The compa...

National Bank Reaffirms Their Buy Rating on Lassonde (LSDAF)

National Bank analyst Ryan Li CFA maintained a Buy rating on Lassonde (LSDAF – Research Report) today and set a price target of C$181.00. The compa...

National Bank Sticks to Its Buy Rating for Lassonde (LSDAF)

Lassonde (TSE:LAS.A) has released an update. Lassonde Industries Inc. has expanded its North American specialty food business by acquiring Summer G...

Lassonde Acquires Summer Garden to Boost Food Business

Lassonde (TSE:LAS.A) has released an update. Lassonde Industries Inc. reported a strong second quarter in 2024, with a significant increase in sale...

Lassonde Reports Strong Growth in Q2 2024

Lassonde (TSE:LAS.A) has released an update. Lassonde Industries Inc. has announced significant leadership changes with a structured transition pla...

Lassonde Announces Strategic Leadership Transitions

Lassonde Industries Non-GAAP EPS of C$5.73, revenue of C$624.7M

FRPT

Lassonde Industries

 Lassonde Industries (OTC: <a class="ticker" href="/stock/lsdaf#OTC">LSDAF</a>) has entered into a definitive agreement, through one of its U.S. subsidiaries, with US Juice Partners, LLC to acquire privately owned Apple & Eve, LLC of Port Washington, New York, for a total cash consideration of $150 million payable at closing, subject to adjustments for working capital and other items.

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 United States. Through their existing equity interest in the acquiring U.S. 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 United States represents another major milestone in our North American strategy," said Pierre-Paul Lassonde, Chairman of the Board and Chief Executive Officer of Lassonde Industries Inc. "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."

Financial Terms

The acquisition will be financed as follows: US$75.0 million under the term credit facility of a Lassonde U.S. subsidiary, US$67.5 million from a combination of cash, cash equivalents on hand and Lassonde's Canadian operating credit facility, with the remaining US$7.5 million provided by equity investment of members of the Lassonde family. Financing fees related thereto are estimated at US$2.0 million while other fees related to the transaction are estimated at US$3.5 million. Closing of the transaction is subject to customary terms and conditions, including receipt of regulatory approvals.

Benefits of the Transaction

The acquisition of Apple& Eve is expected to provide Lassonde with:

increased critical mass to support customers throughout the U.S. and benefits from combined logistics, distribution, purchasing and other economies of scale;

a more diversified and balanced product portfolio in the U.S. and an entry point in national brand products in the U.S. market; and

growth opportunities in the U.S. national brand juice and drink market for Lassonde's existing products.
"We are pleased to add one of America's best known juice brands to our portfolio," said Jean Gattuso, President and Chief Operating Officer of Lassonde Industries Inc. "Like Lassonde in Canada, Apple & Eve is synonymous with innovative products in the health and wellness segment in the U.S. We are confident in our ability to continue to grow the brand."

"I am so proud of what we have built at Apple & Eve over the last 40 years, and as CEO I look forward to entering this new exciting chapter together. By joining Lassonde, we will remain highly focused on creating innovative, on-trend products under the iconic Apple & Eve brand and the other strong brands in our portfolio," said Gordon Crane, Founder, President and Chief Executive Officer of Apple & Eve.

Press Releases

Apple & Eve to be Acquired by Lassonde Industries for $150M 

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Lassonde Industries

News

Latest news for Lassonde Industries (OTC:LSDAF) Stock

Thursday, January 30, 2020

Friday, July 04, 2014