Sagard Placements Privés Canada has invested in Groupe Courchesne Larose to support its national expansion and sustain its legacy in the fresh produce industry.
Information on the Target
Founded in 1918, Groupe Courchesne Larose has become a cornerstone of the Canadian fresh produce industry over the past century. Headquartered in Montreal's Hochelaga-Maisonneuve district, this family-owned business, led by the Routhier family, now employs over 600 individuals and encompasses several strategic subsidiaries, including Les Aliments Bercy, Krōps Imports, Emballages Marcan, Transport Dynapro, and Veg-Pak Produce. The group stands out as a leader in Eastern Canada for the importation and distribution of fresh produce, boasting an efficient distribution network and logistics services that cater to clients in Quebec, Ontario, and the Maritime provinces while offering customized processing and packaging solutions.
Industry Overview in Canada
The Canadian fresh produce industry benefits from a stable demand driven by health and wellness trends among consumers. As Canadians increasingly seek out fresh fruits and vegetables, distribution networks have evolved to adapt to changing market dynamics, prioritizing efficiency and sustainability. Furthermore, government initiatives aimed at promoting local agricultural products have strengthened the market, fostering greater connectivity between consumers and producers.
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Market trends show a growing acceptance for local sourcing and environmental sustainability, aligning well with the operational strategies of companies like Groupe Courchesn
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Sagard Placements Privés Canada
invested in
Groupe Courchesne Larose
in 2022
in a Other Private Equity deal