Raymond Chabot Grant Thornton’s Corporate Finance team is pleased to announce the successful sale of Alasko Foods Inc. to Groupe Commensal Inc.
Founded in 1989 and based in Montréal, Quebec, Alasko Foods Inc. (“Alasko”) is a leader in commercializing high quality organic and conventional quick-frozen fruits and vegetables, with products sold in Canada and the United States as well as Europe, Asia and the Middle East. Alasko’s strong reputation for providing superior products and world-class service to its customers makes it a premier partner of industry leaders. Alasko is a turnkey solutions provider across multiple channels, with an extensive track record of serving blue chip retail, food service and industrial customers.
Alasko called on the expertise of Raymond Chabot Grant Thornton’s Corporate Finance team to advise on the sale process.
Groupe Commensal Inc. (“Commensal”), specialized in food processing, has been a pioneer in the vegan and vegetarian retail and food service market for over 40 years. Founded in 1977, the company’s mission has always been to develop product lines that are vegan and vegetarian, locally Canadian and better for you.
Alasko Foods is acquired by Groupe Commensal.
Its products can be found in more than 1,000 supermarkets and specialty shops across Quebec. Its commitment has always been to develop high quality products at affordable price points, helping more families eat healthy.
Over the years, Commensal has branded over 50 retail products like soups, sauces, ready-to-eat meals and ready-to-cook vegan proteins, and has been a large contributor to the development of the wellness food sector in Canada.
“The new acquisition by the Commensal team will allow Alasko, one of the largest frozen fruit and vegetable importers in Canada, to have active owners that care about their clients and focus on key deliverables. We ensure the confidence that clients and suppliers alike demand”, says George Kyres, President of Groupe Commensal. “Our pledge is to scour the globe to source the best available frozen fruits and vegetables and collaborate with those that share our passion for quality. On behalf of the team, we would like to thank our suppliers and our clients for their patience as we finalized the change in ownership. We remain humbled by all the love and support that everyone has demonstrated to us and for that we remain eternally grateful.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Our leading mid-market focused financial advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,800 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 56,000 people in over 140 countries.
29 Oct 2020 | Written by :