Lassonde Industries Inc

Description

Lassonde Industries Inc is engaged in manufacturing and packaging food products, including cranberry sauces, pasta sauces, pestos, ready-to-drink fruit and vegetable juices across North America and internationally.

Entrepreneur Aristide Lassonde and his wife Georgianna Darcy founded the company as a vegetable canning plant in Rougement in 1918.

In 1928, the firm launched its premier Rougement Brand. The food company got listed on the Montreal Stock Exchange in 1987.

Lassonde Industries Inc acquired American subsidiary Apple and Eve in 2014.

The company acquired a Nova-Scotia based juice processing plant as usage rights for the Allen’s brand in 1999.

Lassonde Industries Inc conducts the business with a platform of four companies and has over 25 brands under the portfolio, including:

A.Lassonde

It distributes fruit and fruit-based juices, vegetable beverages and fruits under various brand names such as:

• Fruite
• Orange Maison
• Hydra+
• Oasis
• Rougemont

The brand is reportedly named after the company's founder.

Lassonde Pappas and Company, Inc

The company is said to be a market leader and manufacturer of Cranberry juices, sauces and drinks, including ready-to-drink fruit juices. The family of brands include:

• Old Orchard
• Bombay
• Apple and Eve
• Ruby Kist

Lassonde Specialties Inc

The subsidiary markets various food products such as fondues, soups, sauces, broths under the two private labels: Antico and Canton. They provide organic pasta sauces, tomato sauces for pizzas and high-quality olive oil.

The company also manufactures and distributes beverages and snacks products under the brand name SunRype.

Through its subsidiary Arista Wines, the company produces wine-based beverages, including apple cedar and selected wines under a family of brands:

• Facies
• Double Vie
• Red Plane
• ArteNova
• Dublin’s Pub

Lassonde claims to use water judiciously, being a food-intensive company. The company also focuses on environmental-friendly packaging, food safety and quality. The food company owns over 24 factories and manufacturing units across Canada and the United States.

The stocks are listed and traded under the symbol ‘LAS.A’ on the Toronto Stock Exchange.