Valeo Foods Group, one of Europe’s leading producers of sweets, treats and snacks, has completed the acquisition of Appalaches Nature, a Canadian maple syrup business.
Started in 2018, Appalaches Nature, which operates from a state-of-the-art 100,000 sq. ft. carbon neutral facility in Thetford Mines, Québec, 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 business, one of the world’s leading maple syrup processors, which has grown by 30 per cent 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.
Valeo Foods said it plans to integrate Appalaches Nature 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 company said in a statement.
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.
Earlier this year, Valeo Foods has acquired leading Italian bakery company Dal Colle.
