Rockshield Capital Acquires Belle Pulses and Sapientia (Healthy Table) to Build Plant-Based Foods Platform

August 3, 2021

Rockshield Capital Corp. completed acquisitions of Belle Pulses Ltd. and Sapientia (Sapientia Technology LLC together with Innovative Prairie Snack Foods Ltd./Healthy Table Superfoods), creating a vertically integrated agribusiness and plant-based foods division. The transactions were financed with a $33.5 million revolving debt facility and a mix of cash and Rockshield shares; Rockshield forecasts combined 2021 revenue of $60 million for the acquired businesses. Novel Agri‑Technologies sourced the deals and will provide managerial/advisory support to the acquired companies.

Buyers
Rockshield Capital Corp.
Targets
Belle Pulses Ltd., Sapientia Technology LLC, Innovative Prairie Snack Foods Ltd. (Healthy Table Superfoods)
Sellers
Former shareholders of Belle Pulses Ltd., Former shareholders of Sapientia Technology LLC / Innovative Prairie Snack Foods Ltd.
Industry
Food & Beverage
Location
Saskatchewan, Canada
Transaction Type
Buyout

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