MARCHÉ VÉGÉTARIEN INC. ACQUIRES JARDIN DU MONT AT GRANBY
GRANBY, QC, Oct. 13 /CNW Telbec/ - Champlain Financial Corporation and Fondaction CSN are pleased to announce that one of their partner companies, Le Marché Végétarien Inc. has successfully concluded the acquisition of two « Jardin du Mont » stores and assets in Granby.
« This acquisition is in line with our growth and development strategy. We thus continue to build a network of food stores specialized in fresh products, providing consumers with a unique top quality offer of fruits, vegetables, bio and fine food and ready-to-eat products » declared Paul Le Brun, Chairman of Marché Végétarien. « We intend to continue to operate the two Jardin du Mont stores as in the past. By merging these stores with our existing nine, we will be able to better our purchasing strategies and offer to our customers high quality products at affordable prices », mentioned Marcel Paré, CEO of Marché Végétarien.
Based in Magog, Marché Végétarien Inc., has operated food stores for over 33 years. The store concept integrates an offer of high quality fresh produces such as fruits, vegetables, cheese, ready-to-eat meals, bio-produces, bakery, top end groceries and specialized concession partners in other food categories. Marché Végétarien Inc. operates eleven stores, seven in the Eastern Townships, Mauricie and central Quebec, under « Le Marché Végétarien » banner, two stores in Montérégie under « Les Arpents Verts » banner, and two stores in Granby under « Jardin du Mont » banner. Over the years, Marché Végétarien Inc. has built and maintained a reputation as a top-end food retailer known for the quality, freshness and variety of its offering.
About Champlain Financial Corporation :
Champlain Financial Corporation, a Canadian private equity firm based in Montreal, along with its U.S. affiliated private equity fund manager, has been building a diversified private equity portfolio with a series of investments throughout Canada and the United States. Champlain's core focus is to serve as financial and value-added partner in providing private equity capital for small and middle-market companies. The portfolio of Quebec companies held by Champlain includes: Orthofab Inc ., a leader in Quebec for the production of mobility medical equipment located in Quebec City; Pro Hockey Life Sporting Goods Inc., based in Laval, operating in Quebec under banners Sports Gilbert Rousseau and Entrepôt du Hockey and counting 22 stores located throughout Canada, which make it the most important specialist in retail sale of hockey equipments in the country; Les Produits Neptune Inc., a high-end bath manufacturer based in St-Hyacinthe; Marché Vegetarian Inc., a chain of 11 specialty food stores and since July 2010, the OGILVY store of Montreal , a specialty high-end retail department store.
For more information : www.champlaincanada.com
About Fondaction CSN :
Created 15 years ago, Fondaction invests development capital in sustainable development initiatives in order to preserve and create quality jobs in Québec. With $700 million in assets under management, derived from the retirement savings collected from 100,000 shareholders, Fondaction is the financial partner of some 100 SMEs, general funds and specialized funds. It favours organizations that subscribe to a participatory management process, are active in the social economy (e.g. employee controlled, cooperatives) and practice environmental stewardship.
For more information: www.fondaction.com
For further information:
Marché Végétarien Inc.
Marcel Paré, President /Chief Executive Officer
Telephone : (819) 843-9331, ext. 201
Email : [email protected]
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