Champlain Financial Corporation-Led Group Acquires Dion Herbs & Spices
May 17, 2021
A group of Quebec investors led by Champlain Financial Corporation has acquired Dion Herbs & Spices. The deal secures leadership succession to André Fortier, Jean-François Bieler and founders' children Marie-Andrée Morin-Dion and Samuel Morin-Dion; financial terms were not disclosed. Dion offers roughly 450–600 spice varieties across nine product categories and is sold in over 1,000 retail locations in Canada and the United States.
- Buyers
- Champlain Financial Corporation, Group of Quebec investors (led by Champlain Financial Corporation)
- Targets
- Dion Herbs & Spices
- Sellers
- Gaston Dion, Louiselle Morin, Dion family (founders)
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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