RIGUAD, QC. August, 2015
Group Revolution has announced that it has acquired the issued and outstanding shares of Les Aliments Aquafuchsia Foods Inc., an industry leader in the growing of sprouts and other specialty food products based in Rigaud, Quebec, Canada.
Since 1977 AquaFuchsia has built a solid reputation as an innovator and recognized supplier of sprouted products and other speciality foods, including its well-known speciality onion line, Jessie’s. Currently based in Rigaud, Québec, AquaFuchsia’s facilities supply retailers and food service distributors throughout Québec and Eastern Canada. The company’s brands principally include “AquaFuchsia” and “Jessie’s”.
“After over 35 years of building up my business, I felt it was time to pass the torch and today, Aquafuchsia has found a new home with the people at Group Revolution”, said Jessie Taras, founder of Les Aliments Aquafuchsia Foods Inc. “With new blood in the company, we hope to see Group Revolution take the company to the next level!”.
“The acquisition of AquaFuchsia was an important deal for us, as we believe its solid reputation and brand can allow us to expand on other products and markets”, said Jean-Pierre Joseph, President of Group Revolution. “We are excited about the prospects that AquaFuchsia brings to our business and are committed to bringing the business into the future”.
The acquisition of AquaFuchsia expands on Group Revolution’s existing product lines, which include the recent acquisition of Fat Cats Fruits and Fat Cats Plantain trademarks. The company also anticipates the introduction of new products under the Jessie’s and Aquafuschia brands.
IJW & Co., Ltd. acted as the exclusive financial adviser to AquaFuchsia, and Jan Holland was legal adviser. De Grandpre Chait acted as legal advisers to Group Revolution.
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