MAPLE LEAF FOODS AGREES TO PURCHASE MULTI-MARQUES

MONTREAL (FNS) -- Maple Leaf Foods, Toronto, has agreed to buy Multi-Marques, here, a major Quebec bakery with annual revenue of $200 million ($300 million Canadian).The sale price wasn't disclosed, but analysts value the deal at between $26 million and $32 million. The acquisition is being done through Canada Bread Co., 68% owned by Maple Leaf and which already owns 25% of Multi-Marques.Multi-Marques

MONTREAL (FNS) -- Maple Leaf Foods, Toronto, has agreed to buy Multi-Marques, here, a major Quebec bakery with annual revenue of $200 million ($300 million Canadian).

The sale price wasn't disclosed, but analysts value the deal at between $26 million and $32 million. The acquisition is being done through Canada Bread Co., 68% owned by Maple Leaf and which already owns 25% of Multi-Marques.

Multi-Marques said its decision to sell was partly due to the fact it lost a major contr

Register to view the full article