Fri. Feb 23rd, 2024

Three new big shareholders for Boulangerie St- Méthode

Open in full screen mode

An employee is busy at the St-Méthode Bakery. (Archive photo)

  • Érik Chouinard (View profile)Érik Chouinard
  • François Pouliot (View profile)François Pouliot

Speech synthesis, based on artificial intelligence, makes it possible to generate spoken text from written text.

Swander Pace Capital (SPC), the Caisse de dépôt et placement du Québec (CDPQ) and Roynat Investment Partners join forces to acquire a majority of the shares of the company Boulangerie St-Méthode. The bread producer will continue to supply its customers from its Adstock factory, in Chaudière-Appalaches.

The transaction will ensure the long-term future of St-Méthode, according to Benoit Faucher, the president of the bakery. Our new partners share the values ​​anchored in our family business culture, as reflected in particular by the maintenance of the management team and all jobs, he assures in a press release.

Mr. Faucher will continue to play an advisory role within the company while the transition takes place.

The latter having demonstrated since some time the desire to retire, Carl Pouliot, new general manager of Boulangerie St-Méthode, underlines the need for the bakery to add new partners.

The arrival of said new partners was therefore in preparation for around 7 months, a process which was nevertheless quite long, estimates the man who was until very recently executive vice-president and finances of the company.

Loading in coursDonald Trump is deemed ineligible for the Republican primaries in the state of Maine

ELSE ON NEWS: Donald Trump is deemed ineligible for the Republican primaries in the state of Maine

Currently concentrating on the production of sliced ​​bread, and focusing mainly on the Quebec market, Mr. Pouliot, in an interview on the show C'est even better l'après-midi Thursday, raises the possibility for Boulangerie St-Méthode to launch into related products.

We are also considering geographic expansion, particularly in Ontario and the Northeast of the United States, he specifies.< /p>

We found that it was an opportunity to look at what would be best to have as partners to help us in a second stage.

A quote by Carl Pouliot, general manager of Boulangerie St-Méthode

Alongside SPC and Roynat, the CDPQ will be able to support the Chaudière-Appalaches company, Quebec's second largest bread producer, in this new chapter in its history, says Kim Thomassin, first vice-president and head of Quebec for the CDPQ, by way of a press release.

The bakery was founded in 1947 by Joseph Faucher and his wife Mariette Robert.

Swander Pace Capital is a California-based private investment firm with interests in several companies in the consumer goods industry, including Liberty and Kicking Horse Coffee.

Roynat is a subsidiary of Scotiabank.

  • Érik Chouinard (View profile)Érik ChouinardFollow
  • François Pouliot (View profile)François PouliotFollow

By admin

Related Post