Valeo Foods has completed the acquisition of Appalaches Nature, a Canadian maple syrup business that operates out of a facility in Thetford Mines, Quebec.
This deal, by one of Europe’s leading producers of quality sweets, marks its second North American acquisition, and its second move within the maple syrup market.
Beginning in 2018, Appalaches Nature has been a major supplier of maple syrup to European markets, and a growing supplier to the Canadian and US markets.
It operates from a state-of-the-art 100,000-square-foot carbon-neutral facility.
With the move, Valeo foods has consolidated its position as a leader in the natural sweeteners category, globally.
Valeo Foods is already a global leader in maple syrup through its Canadian-based Les Industries Bernard & Fils (‘Bernard’) business, one of the world’s leading maple syrup processors.
This company has grown by 30% since becoming part of Valeo Foods in 2022.
It is also a leader in the honey segment, through its world-leading Rowse brand, which produces and distributes over 30,000 tonnes of honey internationally each year.
Valeo has plans to integrate Appalaches Nature into Bernard, wherein synergies – including highly complementary manufacturing capabilities – will support the accelerated growth of the combined business.
This will enable it to significantly increase production capacity to meet growing customer demand, and to facilitate further expansion across Europe and internationally.
The day-to-day operations of Appalaches Nature will continue to be led by the existing management team, in close collaboration with the management of Bernard, which is led by the fifth generation of the Bernard family.
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