Mondias Natural Products, a Canadian-based company specialised in natural health products, has announced the acquisition of Erablier for an enterprise value of C$1 million ($690,000).
Based in Quebec, Canada, Erablier is a producer of organic maple water, obtained from sugar extracted from maple tree sap.
According to Mondias Natural Products, the acquisition will expand its portfolio and further deliver on its vision to offer consumers “healthy and nutritious experiences”.
Patrick Frankham, Mondias Natural Products CEO said: “Érablier offers distinctive products that deliver the great taste and natural ingredients consumers are looking for.” He added, “the opportunity to acquire a unique ready-to-market beverage with natural ingredients, from the largest source of plant-based water in North America is a great entry into the competitive functional beverages market”.
The total estimated consumption of maple water in 2018 exceeded 16 million litres, according to the company.
Sources: Mondias Natural Products