Lassonde Industries Acquires U.S. Branded Juice Company
Lassonde Industries Inc., Canada, entered into a definitive agreement, through one of its U.S. subsidiaries, with US Juice Partners, LLC, Honolulu, Hawaii, to acquire privately owned Apple & Eve, LLC of Port Washington, N.Y., for a total cash consideration of $150 million payable at closing, subject to adjustments for working capital and other items.
Upon closing of the transaction, expected to occur in July, Lassonde Industries will have a 90% equity interest in Apple & Eve and its complete line of juice and drink brands distributed nationwide.