Valeo Foods Group, one of Europe’s leading producers of quality sweets, treats and snacks, has completed the acquisition of Appalaches Nature, a Canadian maple syrup business which operates from a state-of-the-art 100,000 sq. ft. carbon neutral facility in Thetford Mines, Québec.
Started in 2018,
Appalaches Nature is a major supplier of maple syrup to European markets and a growing supplier to the Canadian and US markets.
The transaction marks
Valeo Foods’ second acquisition in North America and within the maple syrup market, consolidating its position as a leader in the natural sweeteners category globally.
Valeo Foods is already a global leader in maple syrup though its Canada based
Les Industries Bernard & Fils (“
Bernard”) business, one of the world’s leading maple syrup processors, which has grown by 30% since becoming part of
Valeo Foods in 2022. It is also a leader in the honey segment through its world leading
Rowse Honey brand which produces and distributes over [30,000 tonnes] of honey internationally each year.
It is envisaged that
Appalaches Nature will be integrated alongside
Bernard where synergies, including highly complementary manufacturing capabilities, will support the accelerated growth of the combined business. This will enable it to significantly increase production capacity to meet growing customer demand and to facilitate further expansion across Europe and internationally.
The day-to-day operations of
Appalaches Nature will continue to be led by the existing management team, in close collaboration with the management of
Bernard which is led by the fifth generation of the
Bernard family.