Courchesne Larose Group announced that it has entered into an agreement to partner with Veg-Pak Produce Ltd., an Ontario-based value-added wholesaler and processor of fresh produce.
Partnering with Veg-Pak marks a pivotal strategic opportunity for Courchesne Larose to establish itself as a major player in Canada's two largest markets. By launching its first physical operations in Ontario, the company will enhance its capacity to effectively and comprehensively serve customers in that province, as well as all major national retailers.
Veg-Pak will operate as an independent business division within the Courchesne Larose Group, collaborating where beneficial to better serve their customers. Veg-Pak will retain its corporate name and branding, and its headquarters will remain in Etobicoke, Ontario.
Partnering with Veg-Pak marks a pivotal strategic opportunity for Courchesne Larose to establish itself as a major player in Canada's two largest markets.
"There is a strong strategic and cultural fit between Courchesne Larose and Veg-Pak," said Michael Aucoin, CEO of Courchesne Larose. "Both are multi-generational, family-owned businesses with rich histories, entrepreneurial cultures, and a shared commitment to customer service, produce quality, and leveraging operational excellence to drive growth. We are delighted to welcome the Veg-Pak team to our family. Both companies prioritize their employees, customers, and stakeholders, recognizing them as the cornerstone of our success."
"Veg-Pak is a wonderful addition to Courchesne Larose," said Alain Routhier, president of Courchesne Larose Ltd. "Our success is built on the strength of our team. This acquisition is a testament to our commitment to extending that family and continuing our legacy of excellence."
Leadership at Veg-Pak will remain unchanged, with Rick Carnevale and Dan Carnevale continuing in their roles, ensuring continuity and stability in Veg-Pak's operations.
"We are excited about our new partnership that will enable both companies to enhance customer service by leveraging each other's best practices," said Carnevale. "Moreover, we will be able to sell one another's products and services across wider geographies, thereby driving growth in both of our markets. We are excited about the positive impact this combination will bring to our employees, customers, and suppliers."
This marks Courchesne Larose's first major acquisition since the substantial investment in its share capital from Sagard Private Equity Canada along with equity and debt participation from Fondaction, Roynat Equity Partners, Roynat Capital, and Fonds de solidarité FTQ.
For more information:
Fernande Bernier
Courchesne Larose
Tel: +1 (514) 609-3370
[email protected]
https://courchesnelarose.com/en/