The company sells 450 product varieties available in more than 1,000 retail outlets in Canada and the US
A group of investors led by Champlain Financial Corporation have acquired Dion Herbs & Spices.
Founded in 1996 by Gaston Dion, the company offers nine product categories representing some 450 product varieties, sold in more than 1,000 retail outlets in Canada and the US.
Leadership at Dion will be provided by André Fortier, formerly senior vice-president with the Loblaw group of companies, Jean-Francois Bieler, formerly vice-president operations and general manager of Atoka Cranberries and by Marie-Andrée Morin-Dion and Samuel Morin-Dion, the founders’ children.
Champlain Financial Corporation is a Canadian private holding company based in Montreal, with a diversified investment portfolio, throughout Canada and the US. Its core focus is providing equity capital and growth management expertise for small and middle-market companies.
The financial terms of the transaction have not been disclosed.
Date published: 18 May 2021