trending Market Intelligence /marketintelligence/en/news-insights/trending/OXqKtetUXDwpOXvNK0IPmw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lassonde completes acquisition of snack maker Sun-Rype

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Lassonde completes acquisition of snack maker Sun-Rype

Lassonde Industries Inc. said Jan. 3 that it completed its acquisition of snack and beverage maker Sun-Rype Products Ltd. and its two affiliates in the U.S.

The Canadian agri-food company bought Sun-Rype and its associated businesses from The Jim Pattison Group for C$89.3 million in cash, including C$9.3 million in preliminary working capital adjustments.

Sun-Rype, which was founded in 1946, recorded sales of approximately C$164 million and an adjusted EBITDA of about C$9 million for the year ended Sept. 30, 2019.

As part of the deal, Lassonde assumed C$21 million in liabilities related to long-term leases for the facilities in Kelowna, British Columbia, and Selah and Wapato, Wash.

"Both of our organizations have an excellent reputation in the market and a great tradition of innovation and service quality in fruit juice and food processing. We are pleased to be able to pursue our growth together," Lassonde CEO Nathalie Lassonde said.

Lassonde funded the deal with its existing credit facility. The company estimates the transaction costs are about C$1.5 million.