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Regal Confections, a leading distributor of global confectionery brands, has announced the acquisition of fellow Canadian sweets brand Mondoux.
Founded in 1967 and headquartered in Quebec province, Mondoux owns leading brands such as Sweet Sixteen, Giacomo and Yoma, and has over 200 employees, as well as more than 115,000 sq ft of facilities.
Commenting on the acquisition, Mondoux chairman Jean Mondoux said: “We are incredibly proud of the impact our Company has had for six decades, creating fun and life-long memories for consumers. We are excited to partner with Regal to uphold our family values and foster growth for our customers and brand partners, relying on Regal’s ~65 years of experience representing prestigious brands via its coast-to-coast coverage model across all sales channels”.
Regal president and CEO Hani Basile added: “Sweet Sixteen is a true complement to our product range and allows us to deepen our presence in the Everyday confectionary category across Canada. I am pleased to partner with the Mondoux family and welcome Jean Mondoux to Regal’s Board”.
The transaction was supported by private equity firm Clearspring Capital Partners.
Source: Newswire Canada
