Who's Buying Consumer Products Companies in Canada

Tracked deals

65

65 tracked deals across 2016-2026.

Buyer mix

Mixed buyer set

47 strategic · 28 pe

Top trend

Volume peaked in 2021

15 tracked deals announced in 2021.

Primary Insight

What Stands Out

  • Recurring acquirers include Gildan Activewear Inc., Fairfax Financial Holdings Limited, Organigram Holdings Inc., SNDL Inc., and investment-focused BRS & Co.
  • Geographic activity clusters around Ontario, Quebec, Alberta, and British Columbia.
  • Subsector coverage includes apparel/brands, pet nutrition, functional wellness food, natural health, and recreational cannabis retail and manufacturing.
  • Several deals emphasize downstream reach and capabilities: retail store expansion, distribution hubs, and manufacturing/extraction capabilities.
Theme seen in deals Example buyer → target
Brand + category expansion Lolë Brands → Louis Garneau Sports
Going-private / control Fairfax Financial Holdings Limited → Andrew Peller Limited
Manufacturing + supply chain Organigram Holdings Inc. → Motif Labs Ltd.
Retail footprint build High Tide Inc. → Northern Helm

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Fairfax Financial Holdings Limited 3 Holding company primarily engaged in property and casualt... Strategic
BRS & Co. 2 New York-based private equity firm focused on lower middl... PE
Canopy Growth Corporation 2 Diversified, publicly traded cannabis and cannabinoid-bas... Strategic
Champlain Financial Corporation 2 Private holding company providing equity capital and grow... PE
Gildan Activewear Inc. 2 Manufacturer and marketer of branded basic family apparel... Strategic
HEXO Corp. 2 Public consumer packaged goods cannabis company and licen... Strategic
High Tide Inc. 2 Retail-forward, vertically integrated cannabis enterprise... Strategic
Organigram Holdings Inc. 2 Publicly listed licensed producer of cannabis and cannabi... Strategic
SNDL Inc. 2 Publicly traded Canadian vertically integrated cannabis c... Strategic
18013632 Canada Inc. 1 Newly formed subsidiary of Fairfax used to implement the ... Mixed

Acquisition Volume in Consumer Products in Canada by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Who's Buying Consumer Products Companies in Canada. 6 2019 3 2020 15 2021 10 2022 12 2023 7 2024 3 2025 ~9 est. 7 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Curaleaf Enhances Offer to Acquire Aurora Cannabis
    October 5, 2026
    Buyer
    Curaleaf Holdings, Inc.
    Target
    Aurora Cannabis Inc.
    Industry
    Consumer Products
    Location
    Canada
    Type
    Buyout

    Curaleaf increased its takeover offer for Aurora Cannabis, raising implied consideration to US$5.00 per Aurora share and increasing the maximum cap to US$6.00 per share. The revised deal consideration includes Curaleaf subordinate voting shares plus US$1.00 cash per Aurora share, with Curaleaf citing expected synergies and a global cannabis platform rationale.

  • Fairfax Financial Acquires Andrew Peller Limited in Going-Private Transaction
    August 14, 2026
    Buyer
    Fairfax Financial Holdings Limited, 18013632 Canada Inc.
    Target
    Andrew Peller Limited
    Seller
    John Edward Enterprises Inc., John Peller
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Andrew Peller Limited completed a previously announced plan of arrangement under which Fairfax Financial Holdings Limited acquired the company via a newly formed subsidiary (18013632 Canada Inc.). The purchaser bought all outstanding Class A and Class B shares for cash consideration, while certain shareholders exchanged rollover shares for shares in the purchaser.

  • Northlight Wine Collective Acquires Meyer Family Vineyards and Mayhem Wines
    August 7, 2026
    Buyer
    Northlight Wine Collective
    Target
    Meyer Family Vineyards, Mayhem Wines
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Northlight Wine Collective acquired British Columbia wine brands Meyer Family Vineyards and Mayhem Wines in its first winery acquisition. The deal establishes a long-term investment platform focused on acquiring, investing in, and stewarding premium Canadian wine businesses through founder succession. Financial terms were not disclosed and the existing winery teams are expected to continue during a planned transition period.

  • Organic Traditions Closes $10.5M Series A Funding Round
    July 21, 2026
    Buyer
    OT Investors LLC, FreshPet, Shopify, City National Bank, Frito-Lay, Colgate-Palmolive, Strategic angel investor group (led by unnamed strategic angels)
    Target
    Organic Traditions
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Growth capital

    Organic Traditions, a Canadian functional wellness superfood brand, closed a $10.5M USD Series A ($15M CAD) to accelerate North American growth. The company will use the capital to drive U.S. retail expansion, expand eCommerce, invest in innovation behind its Fiber Flow line, and fund team/infrastructure for continued U.S. growth.

  • Fairfax Financial to acquire Andrew Peller in $397 million going-private deal
    June 15, 2026
    Buyer
    Fairfax Financial Holdings Limited
    Target
    Andrew Peller Limited
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Fairfax Financial Holdings has agreed to acquire Canadian wine producer Andrew Peller Limited for approximately $397 million in equity value. The plan of arrangement will purchase all outstanding Class A and Class B shares from shareholders at $8.00 and $12.00 per share, respectively, with expected closing in Q3 2026.

  • High Tide Inc. Acquires Northern Helm to Add Four Ontario Retail Cannabis Stores
    June 15, 2026
    Buyer
    High Tide Inc.
    Target
    J. Supply Holdings Inc. (operating as Northern Helm)
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    High Tide Inc. completed the acquisition of 100% of the equity interest of J. Supply Holdings Inc., operating as Northern Helm, adding four established retail cannabis stores in Ontario. The stores were acquired for $7.77 million and bring High Tide’s total Canadian retail footprint to 228 locations, including 103 in Ontario.

  • Nasta Pet Food Acquires FirstMate Pet Foods
    February 18, 2026
    Buyer
    Nasta Pet Food
    Target
    FirstMate Pet Foods
    Seller
    Taplow Ventures Ltd
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Nasta Pet Food, a French-based family-owned ultra-premium pet nutrition group, has announced the acquisition of FirstMate Pet Foods, an independent premium pet food manufacturer based in British Columbia. The deal strengthens Nasta’s North American commercial and manufacturing platform and includes the refinancing of the transaction via a €120 million senior unitranche facility arranged by H.I.G. WhiteHorse.

  • Gildan Merges With HanesBrands in $4.4 Billion Deal
    August 13, 2025
    Buyer
    Gildan Activewear Inc.
    Target
    HanesBrands Inc.
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Buyout

    Gildan Activewear and HanesBrands agreed to merge in a transaction valued at approximately $4.4 billion (including total consideration), with Gildan acquiring HanesBrands. The deal implies $2.2 billion in equity value for HanesBrands and is expected to be completed in late 2025 or early 2026, subject to shareholder and regulatory approvals.

  • Blacktusk Outdoors Acquires Lucky Strike Bait Works
    July 10, 2025
    Buyer
    Blacktusk Outdoors
    Target
    Lucky Strike Bait Works
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Blacktusk Outdoors has acquired Lucky Strike Bait Works, a historic Canadian fishing lure and tackle maker founded in 1929. The deal adds a legacy brand to Blacktusk's growing portfolio of fishing and outdoor consumer brands and intends to keep Lucky Strike's operations in Ontario while investing in product design, distribution and digital capabilities.

  • Apotex Acquires CanPrev
    February 3, 2025
    Buyer
    Apotex Inc.
    Target
    CanPrev
    Seller
    Franco Salituro, Tanya Salituro
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Apotex Inc. has acquired CanPrev, a Canadian natural health company known for its CanPrev, Cyto-Matrix, and Orange Naturals brands. The deal brings Apotex into the Canadian health and wellness consumer market, expanding its channels into health food stores, naturopathic/professional channels, grocery retail and strengthening its consumer health product portfolio.

  • Organigram Holdings Acquires Motif Labs Ltd.
    December 6, 2024
    Buyer
    Organigram Holdings Inc.
    Target
    Motif Labs Ltd.
    Seller
    Motif Labs Ltd. shareholders
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Organigram Holdings Inc. acquired 100% of Motif Labs Ltd. for $90 million upfront consideration (C$50M cash and C$40M in Organigram common shares) plus up to C$10M contingent share consideration. The acquisition gives Organigram #1 market share in the Canadian recreational cannabis market, adds Motif's extraction and high‑volume vape/IPR manufacturing capabilities and a Southwestern Ontario distribution hub, and is expected to deliver >C$10M of cost synergies over ~24 months.

  • SNDL Acquires Remaining Minority Interest in Nova Cannabis
    October 21, 2024
    Buyer
    SNDL Inc.
    Target
    Nova Cannabis Inc.
    Industry
    Consumer Products
    Location
    Alberta, Canada
    Type
    Buyout

    SNDL Inc. completed the previously announced plan of arrangement under which it acquired all of the remaining issued and outstanding shares of Nova Cannabis Inc. that it did not already own, representing about 34.8% of Nova. Under the deal, Nova shareholders received $1.75 per Nova share in cash, with an option to receive SNDL shares in lieu of cash for up to half of the aggregate consideration.

  • Bosideng and Cathay Capital Invest in Moose Knuckles
    October 9, 2024
    Buyer
    Bosideng, Cathay Capital
    Target
    Moose Knuckles
    Seller
    Ayal Twik, Noah Stern
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Growth capital

    Moose Knuckles, the Montreal-based luxury outerwear brand, has received a strategic investment from Bosideng alongside majority investor Cathay Capital. Bosideng will join the Cathay Capital-led investor group while Cathay remains the majority shareholder; co‑founders Ayal Twik and Noah Stern are exiting as shareholders. The capital and strategic partnership are intended to accelerate Moose Knuckles' global expansion, with a particular focus on growth in Asia and expanded product and retail initiatives.

  • Fairfax to Acquire Controlling Ownership of Peak Achievement Athletics
    September 30, 2024
    Buyer
    Fairfax Financial Holdings Limited
    Target
    Peak Achievement Athletics Inc.
    Seller
    Sagard Holdings Inc.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Peak Achievement Athletics announced that certain affiliates of Fairfax Financial Holdings Limited will acquire all equity interests in Peak currently held by Sagard Holdings, giving Fairfax control of the company and its brands including Bauer Hockey, Cascade Lacrosse, and Maverik Lacrosse. The transaction is expected to close in the fourth quarter of 2024.

  • Lolë Brands Acquires Louis Garneau Sports
    September 15, 2024
    Buyer
    Lolë Brands
    Target
    Louis Garneau Sports
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Buyout

    Montreal-based apparel company Lolë Brands has acquired Quebec-founded Louis Garneau Sports, the cycling and sports equipment company behind the Garneau, Sugoi and Sombrio brands. The deal, effective immediately, will broaden Lolë’s product offering in cycling and sports apparel as part of its global expansion; financial terms were not disclosed.

  • Chin Family (Management) Buys Organika Health Products from BRS & Co.
    May 21, 2024
    Buyer
    Chin family (Organika management)
    Target
    Organika Health Products, Inc.
    Seller
    BRS & Co.
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Divestiture

    BRS & Co., a New York-based private equity firm, sold Organika Health Products, Inc., a Vancouver-based marketer of nutritional supplements, in a management buyout to the founding Chin family. During BRS's ownership Organika expanded product innovation and retail distribution; the transaction returns ownership to the company's founders and management.

  • High Tide Acquires Queen of Bud Brand
    March 15, 2024
    Buyer
    High Tide Inc.
    Target
    Queen of Bud
    Seller
    Queen of Bud (founder Ashley Newman)
    Industry
    Consumer Products
    Location
    Alberta, Canada
    Type
    Buyout

    High Tide Inc. has entered into a definitive agreement to acquire all intellectual property and related assets of the Canadian cannabis brand Queen of Bud for CA$1,000,000 (CA$100,000 cash and the remainder in High Tide common shares). Queen of Bud's founder Ashley Newman will remain involved as Global Brand Ambassador as High Tide integrates the brand into its in-house portfolio to expand its consumer product and ancillary offerings domestically and internationally.

  • Nexus Capital Affiliate Acquires Substantially All Assets of MAV Beauty Brands
    December 8, 2023
    Buyer
    Nexus Capital Management LP (affiliate)
    Target
    MAV Beauty Brands Inc.
    Seller
    MAV Beauty Brands Inc.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    An affiliate of Nexus Capital Management LP has completed the acquisition of substantially all assets of MAV Beauty Brands Inc., a Toronto-based personal care and hair care platform. Nexus said it will partner with CEO Serge Jureidini and the existing management team to pursue a refreshed capital structure, product innovation, expanded retail partnerships and renewed growth.

  • Banyan Capital Partners Acquires Second Nature Designs
    November 15, 2023
    Buyer
    Banyan Capital Partners, Banyan Committed Capital LP
    Target
    Second Nature Designs Limited
    Seller
    Steve Koning, Existing management
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Banyan Capital Partners has acquired Second Nature Designs Limited, a Hamilton, Ontario-based manufacturer and distributor of dried florals and home décor products. Founder and president Steve Koning and the management team will retain a minority ownership as Banyan partners with the company to pursue growth across North America.

  • Ladybug Resource Group Acquires Growhouse Nutraceuticals Ltd.
    October 3, 2023
    Buyer
    Ladybug Resource Group, Inc.
    Target
    Growhouse Nutraceuticals Ltd.
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Ladybug Resource Group, Inc. (OTC PINK: LBRG) announced the acquisition of Growhouse Nutraceuticals Ltd., a sports nutrition and nutraceutical supplements company. Growhouse reported $2.7 million in revenue for the year ended December 31, 2022 and $2.4 million in revenue growth through July 30, 2023; Ladybug said the acquisition will leverage Growhouse's products, MACH scaling architecture, and customer retention capabilities to drive revenue growth for shareholders.

  • Lucy Scientific Discovery Acquires BlueSky Wellness
    September 12, 2023
    Buyer
    Lucy Scientific Discovery Inc.
    Target
    BlueSky Wellness Inc.
    Seller
    BlueSky Wellness shareholders
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Lucy Scientific Discovery Inc. (NASDAQ: LSDI) agreed to acquire BlueSky Wellness Inc. in an all-stock transaction that will add a portfolio of plant-based wellness CPG brands (Keoni, Keoni Sport, Blush Wellness, AMMA Healing) and e-commerce capabilities. BlueSky shareholders will receive 3.5 million Lucy shares plus up-to-five-year EBITDA-based earnouts; Lucy expects the combined transactions with its High Times IP acquisition to add at least $30 million in revenue and $10 million of EBITDA in the first 12 months.

  • Krystal Growth Partners Makes Strategic Growth Investment in Stonz Wear Inc.
    September 11, 2023
    Buyer
    Krystal Growth Partners
    Target
    Stonz Wear Inc.
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Growth capital

    Krystal Growth Partners has made a strategic growth investment in Stonz Wear Inc., the Vancouver-based maker of all-weather children’s footwear and apparel. The capital will support Stonz’s plans to solidify its position in Canada and accelerate expansion into the United States.

  • VitaNatural USA Inc. Acquires Vitamin Bounty
    September 11, 2023
    Buyer
    VitaNatural USA Inc.
    Target
    Vitamin Bounty
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    VitaNatural USA Inc. completed the acquisition of dietary supplement brand Vitamin Bounty. The purchase brings a digitally-native portfolio with retail distribution into VitaNatural's wellness platform, with the combined management team aiming to expand product assortment, marketing and distribution across e-commerce and grocery channels.

  • Lifeist Wellness Acquires Zest Cannabis Brand
    June 1, 2023
    Buyer
    Lifeist Wellness Inc.
    Target
    1000501971 Ontario Inc. ("Zest"), Zest Cannabis Inc.
    Seller
    13735346 Canada Inc., 1000496959 Ontario Ltd., Zest Cannabis Inc.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Lifeist Wellness Inc. acquired 100% of 1000501971 Ontario Inc. (the ‘Zest' brand / Zest Cannabis) for CAD 3,411,707.90 in an all‑stock transaction. The acquisition — completed in July 2023 pursuant to an amended share purchase agreement — adds nine SKUs (vape, infused pre-rolls and flower) to Lifeist's CannMart distribution business to accelerate growth and expand high‑margin product offerings across Canadian provincial channels.

  • Tilray Brands Acquires HEXO Corp.
    April 10, 2023
    Buyer
    Tilray Brands, Inc.
    Target
    HEXO Corp.
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Buyout

    Tilray Brands, Inc. will acquire all issued and outstanding common shares of HEXO Corp. under a court-approved plan of arrangement, with HEXO shareholders receiving 0.4352 Tilray shares per HEXO share (implying US$1.25 per HEXO share based on a 60-day VWAP). The deal, announced alongside a waiver and amendment agreement to address HEXO's near-term covenant and liquidity issues, is intended to combine HEXO's cultivation and brand assets with Tilray's larger cannabis and CPG platform.

  • KV Capital Acquires Mountain Sports Distribution
    March 28, 2023
    Buyer
    KV Capital, KV Private Equity Fund II
    Target
    Mountain Sports Distribution Inc.
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    KV Capital (through KV Private Equity Fund II) has completed its first Fund II acquisition, acquiring Mountain Sports Distribution Inc., a Golden, British Columbia-based full-service powersports distributor. KV Capital will support MSD's growth by expanding its brand roster and dealer network across Canada and beyond; financial terms were not disclosed.

  • FitLife Brands Acquires Mimi's Rock Corp.
    February 28, 2023
    Buyer
    FitLife Brands, Inc.
    Target
    Mimi's Rock Corp.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    FitLife Brands, Inc. has completed the acquisition of Mimi's Rock Corp. through a statutory plan of arrangement, making Mimi's Rock an indirect wholly owned subsidiary. The transaction expands FitLife's portfolio of dietary supplement and wellness brands and was financed with cash on hand plus proceeds from a $12.5 million term loan.

  • Cincy Brands Acquires Sapadilla from The Gorilla Glue Company
    February 16, 2023
    Buyer
    Cincy Brands
    Target
    Sapadilla
    Seller
    The Gorilla Glue Company
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Addon

    Cincy Brands, a Cincinnati-based consumer products acquirer, has purchased Sapadilla, an earth-friendly cleaning products brand originally founded in Vancouver, Canada. The Gorilla Glue Company sold the Sapadilla brand but will remain a minority investor; Cincy Brands plans to scale the brand through its ecommerce, retail and supply-chain capabilities as part of its growing portfolio.

  • SNDL Inc. Acquires The Valens Company
    January 17, 2023
    Buyer
    SNDL Inc.
    Target
    The Valens Company Inc.
    Seller
    Valens Shareholders
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    SNDL Inc. completed the previously disclosed acquisition of The Valens Company Inc. in an all‑stock transaction valued at approximately CAD 138 million (plus assumption of a CAD 60 million term loan), issuing ~27.6 million SNDL shares to former Valens shareholders. The deal brings Valens' extraction, processing, manufacturing and lab capabilities into SNDL's vertically integrated cannabis platform and is expected to deliver cost synergies and expand SNDL's branded product offering and low‑cost manufacturing capacity.

  • Spin Master Acquires 4D Brands International (4D Puzzles)
    November 22, 2022
    Buyer
    Spin Master Corp.
    Target
    4D Brands International Inc. (4D Puzzles)
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Spin Master Corp. has agreed to acquire Canadian puzzle maker 4D Brands International Inc., adding the company's premium 3D puzzle and model construction kits and licensed collectibles to Spin Master's puzzles and games portfolio. The deal — expected to close January 2023 — will see 4D founder Shaun Sakdinan join Spin Master as Senior Director of Design in Toronto, Ontario.

  • Kids2 Acquires Baby Dream Machine from Baby Dream Company
    October 28, 2022
    Buyer
    Kids2, LLC
    Target
    Baby Dream Company Inc.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Kids2, LLC acquired the assets of Baby Dream Company Inc., adding the Baby Dream Machine to its Ingenuity brand portfolio. The acquisition brings the DTC-born sleep device into Kids2's global distribution network to broaden product offerings in infant sleep and soothing solutions.

  • Ironbridge Equity Partners Acquires Kore Outdoor from Fulcrum Capital Partners
    October 15, 2022
    Buyer
    Ironbridge Equity Partners, Kore management
    Target
    Kore Outdoor Inc.
    Seller
    Fulcrum Capital Partners
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Buyout

    Ironbridge Equity Partners, together with Kore's management team, has acquired a controlling interest in Kore Outdoor Inc. from Fulcrum Capital Partners. Kore Outdoor, headquartered in Montreal, Quebec, is a global manufacturer and distributor of paintballs and paintball-related products; Ironbridge says the investment will support the company's growth and product innovation.

  • Ignite International Brands Proposed Going-Private via Share Consolidation
    July 19, 2022
    Buyer
    Ignite International Brands, Ltd.
    Target
    Ignite International Brands, Ltd.
    Industry
    Consumer Products
    Location
    Canada
    Type
    Recapitalization

    Ignite International Brands, Ltd. announced its board-approved proposed going-private transaction through consolidating its outstanding subordinate voting shares on a 1-for-100,000 basis. Subject to shareholder and regulatory approvals, existing shareholders will be cashed out at Cdn $0.62 per cancelled share, and Ignite plans to delist from the Canadian Securities Exchange and cease reporting as a reporting issuer.

  • Strategic Retail Partners Acquires Distributions Franco
    March 8, 2022
    Buyer
    Strategic Retail Partners, Aurora Capital Partners
    Target
    Distributions Franco
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Addon

    Strategic Retail Partners (SRP), a portfolio company of Aurora Capital Partners, acquired Quebec-based Distributions Franco, a distributor of electronics, eyewear, toys, jewelry and clothing for convenience stores and service stations. The deal, which closed February 28, 2022, expands SRP’s product portfolio and strengthens its presence in the Quebec and broader Canadian convenience-store channels.

  • ONCAP Acquires Majority Stake in Merrithew International
    February 17, 2022
    Buyer
    ONCAP, Onex Corporation
    Target
    Merrithew International Inc.
    Seller
    Lindsay Merrithew, Moira Merrithew
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    ONCAP, the mid-market private equity platform of Onex, has purchased a majority stake in Merrithew International Inc., the Toronto-based developer, manufacturer and retailer of Pilates equipment, accessories, content and education. The investment (from ONCAP IV) was made in partnership with Merrithew founders Lindsay and Moira Merrithew to support the company's continued global growth and expansion through organic initiatives and acquisitions; terms were not disclosed.

  • TruArc Partners Invests in New Directions Aromatics
    February 15, 2022
    Buyer
    TruArc Partners
    Target
    New Directions Aromatics
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    TruArc Partners, a U.S.-based middle-market private equity firm, has made a strategic investment in New Directions Aromatics, a Toronto-area supplier of natural and organic raw materials to the cosmetics, health & beauty and personal care markets. The partnership will provide capital and operating support to expand capabilities, pursue add-on acquisitions, and accelerate growth; TruArc operating partners Don Sturdivant and John Schweig will join New Directions' board as co-chairmen.

  • PFM Capital and Roynat Invest in Surface Hair (GHC Systems Inc.)
    February 14, 2022
    Buyer
    PFM Capital Inc., Apex III Investment Fund Limited Partnership, SaskWorks Venture Fund Inc., Roynat Equity Partners
    Target
    GHC Systems Inc. (Surface Hair)
    Industry
    Consumer Products
    Location
    Saskatchewan, Canada
    Type
    Growth capital

    PFM Capital Inc., on behalf of the Apex III Investment Fund and SaskWorks Venture Fund, together with Roynat Equity Partners invested in GHC Systems Inc. (doing business as Surface Hair) to support the brand’s growth and expansion. The capital will be used to accelerate product innovation, increase brand awareness, and support Surface’s salon-focused distribution and education initiatives.

  • AS Beauty Acquires Cover FX
    February 3, 2022
    Buyer
    AS Beauty
    Target
    Cover FX
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    AS Beauty, a New York–based beauty company, has acquired Cover FX, the Toronto-founded cosmetics and skincare brand created by Lee Graff. The acquisition expands AS Beauty’s digital-first, direct-to-consumer portfolio (its fourth since 2019) and is expected to meaningfully grow the parent company’s size and revenue.

  • RAF Industries Acquires Hayabusa Fightwear from Carmelina Capital Partners
    January 4, 2022
    Buyer
    RAF Industries
    Target
    Hayabusa Fightwear, Inc.
    Seller
    Carmelina Capital Partners
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Carmelina Capital Partners has completed the sale of Hayabusa Fightwear, Inc., a Kingston, Ontario-based developer and manufacturer of combat sports equipment and apparel, to RAF Industries. Carmelina had invested in Hayabusa in 2016 and supported growth through DTC expansion and product innovation; Vermillion Capital served as exclusive financial advisor and Stikeman Elliott as legal counsel to Hayabusa.

  • Organigram Holdings Inc. Acquires Laurentian Organic Inc.
    December 21, 2021
    Buyer
    Organigram Holdings Inc.
    Target
    Laurentian Organic Inc.
    Seller
    Eric Brosseau, Mathieu Lahaie, Eric Verdier
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Buyout

    Organigram Holdings Inc. acquired all of the issued and outstanding shares of Laurentian Organic Inc. in a cash-and-share transaction with aggregate upfront consideration of CAD 36 million plus potential earnouts. The acquisition brings the Tremblant Cannabis and Laurentian craft brands into Organigram’s portfolio, strengthens its presence in Quebec, and expands its premium/hash product offering to accelerate revenue and EBITDA growth.

  • Sport Maska Acquires Tournament Sports Marketing (Jackson Ultima & Atom)
    December 8, 2021
    Buyer
    Sport Maska Inc.
    Target
    Tournament Sports Marketing Inc.
    Seller
    Tournament Sports Marketing Inc., Kim Bauer
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Sport Maska Inc., owner of the CCM Hockey brand, acquired Tournament Sports Marketing Inc., the owner of Jackson Ultima and Atom skates. The acquisition expands Sport Maska's product portfolio into figure and roller/inline skates and aims to grow the company's presence across on- and off-ice skating markets.

  • Private Investor Acquires RJS Trading International (Alamode Home)
    November 15, 2021
    Buyer
    Private Investor
    Target
    RJS Trading International (dba Alamode Home)
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Generational Equity advised RJS Trading International, Ltd. (dba Alamode Home), a Richmond, British Columbia-based home textile wholesaler, on its sale to a private investor. The transaction closed on November 15, 2021, transferring ownership of the company that sells bedding, bath and window goods primarily through wholesale distributors.

  • Skinfix Secures Minority Investment from Stride Consumer Partners
    November 12, 2021
    Buyer
    Stride Consumer Partners
    Target
    Skinfix
    Industry
    Consumer Products
    Location
    Nova Scotia, Canada
    Type
    Growth capital

    Halifax-based skincare brand Skinfix has received a minority growth investment from private-equity firm Stride Consumer Partners. The capital will be used to scale Skinfix's direct-to-consumer business, expand retail distribution (including Sephora and a planned Australia entry), invest in product innovation and clinical studies, and build out the company's leadership team.

  • TZP Group Acquires Majority Stake in SAXX Underwear
    August 25, 2021
    Buyer
    TZP Group, TZP Capital Partners III, L.P.
    Target
    SAXX Underwear Co. Ltd.
    Seller
    Brentwood Associates
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    SAXX Underwear Co. Ltd., the Vancouver-based men's premium underwear brand, received a strategic investment from TZP Group through TZP Capital Partners III, L.P., with Brentwood Associates exiting and NLS Group Holdings retaining a significant minority interest. TZP will partner with SAXX to accelerate omnichannel growth, expand the brand geographically (particularly in the United States and Europe), and pursue new product categories and retail distribution opportunities. Terms were not disclosed.

  • Minerals Technologies Acquires Normerica Inc.
    July 26, 2021
    Buyer
    Minerals Technologies Inc.
    Target
    Normerica Inc.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Minerals Technologies Inc. (MTI) has acquired Normerica Inc., a Toronto-based producer of branded and private-label pet care products, including bentonite-based cat litter. The transaction expands MTI’s North American cat litter manufacturing footprint and strengthens its global pet care platform; Normerica generated about $140 million in 2020 and employed ~320 people.

  • Aritzia Acquires Reigning Champ
    June 15, 2021
    Buyer
    Aritzia
    Target
    Reigning Champ
    Industry
    Consumer Products
    Location
    British Columbia, Canada
    Type
    Buyout

    Aritzia has agreed to acquire a 75% stake in Vancouver-based premium athletic wear brand Reigning Champ for approximately $63 million USD, with the remaining 25% of equity to be converted into Aritzia shares in installments through 2024–2026. The deal accelerates Aritzia's expansion into men's apparel and will leverage Aritzia's direct-to-consumer platform, boutiques and operational infrastructure to grow Reigning Champ's brand and distribution.

  • HEXO Corp Acquires Redecan to Create Canadian Adult-Use Market Leader
    May 28, 2021
    Buyer
    HEXO Corp
    Target
    Redecan
    Seller
    Redecan shareholders (including co-founders Pete Montour, Will Montour and Richard Redekop)
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    HEXO Corp agreed to acquire all outstanding shares of Redecan for a total purchase price of $925 million payable in cash and HEXO common shares. The deal combines HEXO's national footprint and international reach with Redecan's efficient greenhouse production, strong pre-roll technology and leading market share in key Canadian provinces to create a market leader in Canadian adult-use cannabis.

  • HEXO Corp Acquires 48North Cannabis Corp.
    May 17, 2021
    Buyer
    HEXO Corp.
    Target
    48North Cannabis Corp.
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    HEXO Corp. agreed to acquire all outstanding common shares of 48North Cannabis Corp. in an all‑share plan of arrangement valued at approximately $50 million on an enterprise value basis. The deal is intended to strengthen HEXO’s position in the Canadian adult‑use market, diversify its product portfolio (including topicals and other CPG formats) and realize up to ~$12 million of annual synergies within one year of closing.

  • Tilray Acquires Aphria to Create New Tilray (Business Combination)
    May 3, 2021
    Buyer
    Tilray, Inc.
    Target
    Aphria Inc.
    Seller
    Aphria shareholders
    Industry
    Consumer Products
    Location
    Ontario, Canada
    Type
    Buyout

    Tilray and Aphria completed their previously announced business combination, with Aphria shareholders receiving 0.8381 Tilray shares for each Aphria common share. The combined company will operate as Tilray, creating a global cannabis consumer packaged goods leader with expanded geographic footprint, product portfolio and targeted annual pre-tax cost synergies of approximately US$81 million.

  • Evriholder Products Acquires Murray Sales Inc.
    April 28, 2021
    Buyer
    Evriholder Products, LLC, Edgewater Growth Capital Partners IV
    Target
    Murray Sales Inc.
    Industry
    Consumer Products
    Location
    Quebec, Canada
    Type
    Addon

    Evriholder Products, a portfolio company of Edgewater Growth Capital Partners IV, has acquired Murray Sales Inc. (MSC), the designer and distributor of Joie-branded impulse and kitchenware products. The add-on expands Evriholder’s product portfolio and global retail/e‑commerce distribution, with the entire Murray Sales team joining Evriholder and retaining equity in the combined platform.

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Frequently Asked Questions

Which consumer categories show up most often in Canada acquisitions here?

The page highlights deals across apparel/brand portfolios, pet nutrition, functional wellness food, natural health products, and recreational cannabis (including retail and manufacturing capability).

What Canadian provinces are most represented in these acquisitions?

Recent locations are concentrated in Ontario, Quebec, Alberta, and British Columbia.

Are these deals mostly strategic acquisitions or do they include investments and funding?

Alongside acquisitions, the page also includes related capital activity such as OT Investors LLC participating in an equity funding round (Series A) for Organic Traditions.

Do acquisitions here tend to focus on expanding manufacturing, distribution, or retail presence?

Yes—multiple summaries point to capability and go-to-market additions, including retail store expansion (High Tide) and manufacturing/extraction and distribution enhancements (as described for Organigram’s acquisition of Motif Labs).

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