Lassonde Industries Acquires Summer Garden Food Manufacturing (The Zidian Group)
August 8, 2024
Lassonde Industries Inc. has completed the acquisition of The Zidian Group, which operates Summer Garden Food Manufacturing, in Boardman, Ohio. The transaction was financed primarily via Lassonde's credit facility for a cash consideration of US$237.2 million (with contingent consideration of up to US$45.0 million) and expands Lassonde's North American specialty food platform and manufacturing capabilities.
- Buyers
- Lassonde Industries Inc.
- Targets
- Summer Garden Food Manufacturing, The Zidian Group
- Sellers
- The Zidian Group
- Industry
- Food & Beverage
- Location
- Ohio, United States
- Transaction Type
- Buyout
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