Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec to acquire Bonduelle Americas Long Life from Bonduelle for C$552m.

Fonds de solidarité FTQ, a development capital fund, and Caisse de dépôt et placement du Québec, an institutional investor, agreed to acquire a 65% stake in Bonduelle Americas Long Life, the canned and frozen fruit and veg unit of Bonduelle, for C$552m. “The Fonds de solidarité FTQ is proud to build this partnership to accomplish this structuring transaction for the Quebec agri-food sector. The transaction involving Bonduelle Americas Long Life, the Fonds and its partners will become one of the most significant in the Quebec food industry. It will allow the company to continue its North American expansion, while maintaining a crucial headquarters here. The Fonds participation in this transaction is in addition to its historical investments of nearly C$1.3bn in the agri-food industry," Dany Pelletier, Fonds de solidarité FTQ Executive Vice-President.