Sun-Rype now part of Lassonde Industries

Lassonde Industries Inc. announced in October 2019 that two of its subsidiaries have entered into an agreement with subsidiaries of The Jim Pattison Group to acquire Sun-Rype Products Ltd. in Kelowna and its two U.S. affiliates located in Washington State for approximately $80 million.

Sun-Rype generated sales of approximately $164 million and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of approximately $9 million for the 12-month period ending on Sept. 30, 2019.

Jean Gattuso, president of Lassonde Industries Inc. said, in a news release, “Sun-Rype is a recognized and respected brand in the market and Lassonde intends to keep it alive for a very long time…By joining forces, Lassonde and Sun-Rype will be well positioned to become a leading fruit-based snack and beverage company in Canada and the U.S. Hence, they will be able to provide a greater range of products to all Canadian and U.S consumers and retailers from coast to coast.”

Company news release