Lassonde Industries

Lassonde Industries Inc.
Public (TSX: LAS.A)
Founded 1918[1]
Founder Aristide Lassonde
Headquarters Rougemont, Quebec, Canada
Area served
 Canada, United States
Key people
 Pierre-Paul Lassonde : Chairman
Number of employees
 2,100
Subsidiaries A.Lassonde, Apple & Eve, Clement Pappas & Company, Lassonde Specialties, Arista Wines
Website Lassonde.com

Lassonde Industries Inc. (TSX: LAS.A), is a Canadian agri-food company located in Rougemont and Montérégie, with operations throughout North America.

Activities

Lassonde Industries develops, produces, and markets a wide range of ready-to-drink fruit and vegetable juices and drinks. It also develops, produces, and markets specialized food products including fondue broths and sauces, soups, sauces, packaged corn on the cob, bruschetta toppings, tapenades, pestos, and pizza and pasta sauces. Finally, the company imports, packages, and markets wine from various countries, as well as apple cider and other wine-based beverages.

History

1918: The company launches in Rougemont as a vegetable cannery.[2][3]

1959: The company’s focus shifts towards the production of apple juice.[4][5]

1970: The company expands its operations through the production of fruit drinks.[6]

1977: Lassonde acquires part of Coopérative Montérégienne, another Rougemont apple juice producer, to increase production capacity.[7]

1981: Acquisition of Produits Ronald in Saint-Damase, Quebec, a company specializing in the processing of corn on the cob.[3]

1982: Creation of the Lassonde Industries holding company by Pierre-Paul Lassonde, Chairman of the Board, and Jean-Paul Barré, President.[3][6]

1987: Lassonde Industries becomes a public company, listed on the Montreal Stock Exchange.[7] Acquisition of Montreal-based food brokerage firm Effex Marketing Inc., which becomes the company’s sales force.[6]

1991: Acquisition of the juice and beverage unit of Cobi Foods Inc. in Nova Scotia, subsequently renamed Greatvalley Juices Inc.[6]

1993: Acquisition of Orange Maison Inc., a Montreal company specializing in the production of refrigerated fruit juices and drinks.[7]

1996: Acquisition of certain of the assets of Mar-Brite Foods Co-operative Inc., located in Ruthven in Southeastern Ontario. Production is focused on apple and tomato juice. The company is renamed Lassonde Juices Inc.[8]

2001: Lassonde Industries subsidiary A. Lassonde Inc. signs a licensing agreement for Eastern Canada with California-based Sunkist Growers Inc. for the processing and distribution of Sunkist® brand ready-to-drink juices and fruit drinks.[9] Lassonde participates in the development of Tetra Pak products, becoming the first North American company to use the Tetra Prisma®.[10] Lassonde is then given exclusivity on this technology for Quebec.[11]

2002: A. Lassonde Inc. acquires Golden Town Apple Products Ltd., a company located in Thornbury, Ontario and specialized in apple processing.[12]

2004: Lassonde Industries subsidiary Produits Ronald Inc. changes its name to Lassonde Specialties Inc.[13] A. Lassonde Inc. purchases Alfresh Beverages Canada Corp., a company specializing in fruit juices. Its best-known brands are: Everfresh, Sunlike, Fairlee, Tropical Grove, and Rich n’ Ready. The company is renamed Lassonde Beverages Canada and becomes a division of A. Lassonde Inc. The acquisition is made for $16.33 million, plus the value of inventory.[14]

2006: Lassonde Industries Inc. launches Arista Wines Inc., a new subsidiary specialized in the processing and distribution of imported wines.[11][15]

2007: A. Lassonde Inc. purchases assets for the production and marketing of ready-to-drink juice and fruit drinks from McCain Foods (Canada), a division of McCain Foods Limited. The purchase price was $14 million.[16][17] Lassonde Specialties Inc. purchases Les Produits alimentaires Mondiv inc., a plant in Boisbriand, Quebec, for $18.9 million. The plant, used to produce long-shelf-life specialty food products, is operated under the name Mondiv.[18]

2009: A. Lassonde Inc. purchases Apple Valley Juice Corporation, located in Clarksburg, Ontario, for $1.35 million.[19]

2011: In June 2011, Lassonde acquires Clement Pappas and Company for US$390 million. When the sale closes in August 2011, Lassonde holds 71% of stocks, the Lassonde family owns 10%, and the Pappas family owns 19%.[20]

2012: Sales reach $1,022.2 million in 2012, surpassing the billion dollar mark for the first time in company history.[21]

2014: On July 4, 2014, Lassonde Industries Inc. acquires Apple & Eve, an independent juice producer from Port Washington, New York, for $150 million.[22]

Brands

Juices

Under A. Lassonde Inc.

Under Apple & Eve

Food Products

Under Lassonde Specialities

Wines and Ciders

Under Arista Wines Inc.

Management

Lassonde was founded by Aristide Lassonde and has been directed by Pierre-Paul Lassonde since 1973.[23]

The members of the Board of Directors of Lassonde are:[24]

The company’s management team consists of (Office of the CEO):[25]

Subsidiaries

Breakdown of operations by North American subsidiary

Sponsorships

Lassonde sponsors these two associations/events:

References

  1. ↑ http://www.lassonde.com/en/about-us/history/#1918
  2. ↑ "[FR] Industries Lassonde : le nouveau venu sur la liste". La Presse. Retrieved March 15, 2013.
  3. 1 2 3 "Lassonde History". Lassonde. Retrieved January 2015. Check date values in: |access-date= (help)
  4. ↑ "Rougemont". Rougemont.
  5. ↑ "[FR] Lassonde, un fournisseur purement québécois". Dubé Loiselle. Retrieved February 9, 2011.
  6. 1 2 3 4 "Lassonde Industries Inc History". Funding Universe.
  7. 1 2 3 "Industries Lassonde" (PDF). CAPI. Retrieved February 2014. Check date values in: |access-date= (help)
  8. ↑ "Annual Shareholder's Meeting". Global Documents Morning Star.
  9. ↑ "A. Lassonde Gets Sunkist License for Eastern Canada". Adnews. Retrieved September 18, 2001.
  10. ↑ "Tetra Pak Canada Inc launches 1000ml TetraPrisma(R) aseptic square in Canada". Packaging Network. Retrieved May 17, 2001.
  11. 1 2 "[FR] Industries Lassonde Inc. crée Vins Arista inc. et lance cinq vins dans un emballage exclusif au Québec". Le bulletin des agriculteurs. Retrieved April 9, 2006.
  12. ↑ "Lassonde Industries Incorporated (TSX:LAS.A)". Value Investigator. Retrieved March 6, 2014.
  13. ↑ "[FR] Fiche produits Ronald / Lassonde Specialties". Registre des entreprises Québécoises. Retrieved January 2015. Check date values in: |access-date= (help)
  14. ↑ "Lassonde acquires Alfresh Beverages" (PDF). News File. Retrieved November 2004. Check date values in: |access-date= (help)
  15. ↑ "[FR] Lassonde s'attaque au marché du vin avec ses propres emballages". Hebdos régionaux. Retrieved May 16, 2006.
  16. ↑ "Lassonde acquires McCain Foods Ready-to-Drink Fruit Drinks". Webhunters. Retrieved October 31, 2007.
  17. ↑ "Lassonde Industries Inc. (LAS.A)". TMX Money. Retrieved November 2, 2007.
  18. ↑ "Lassonde to purchase the assets of Mondiv Food Products Inc.". CNW Telbec (Newswire). Retrieved November 14, 2007.
  19. ↑ "Lassonde Acquires Ontario Juice Processor". Food In Canada. Retrieved April 30, 2009.
  20. ↑ Van Praet, Nicolas. "Lassonde buys US Juice company for $390M". Financial Post. Retrieved June 20, 2011.
  21. ↑ "[FR] Industries Lassonde enregistre un bénéfice net et des ventes en hausse". Le Huffington Post Québec. Retrieved October 9, 2013.
  22. ↑ "Lassonde makes another purchase". Agri 007. Retrieved July 4, 2014.
  23. ↑ "Pierre-Paul Lassonde". Lassonde.
  24. ↑ "Boards of Directors". Lassonde.
  25. ↑ "Management". Lassonde.
  26. ↑ "Sponsors". Marathon Oasis Rock'n Roll. Retrieved 2015. Check date values in: |access-date= (help)
  27. ↑ "Key Partners : Lassonde Inc". Fondation Tel-Jeunes. Retrieved 2015. Check date values in: |access-date= (help)

External links

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