The acquisition will provide access to a production line for frozen concentrated products.
Lassonde Industries Inc., Canada, announced plans to acquire Old Orchard Brands, LLC, a Sparta, Mich.-based juice and beverage processor, for $146.million.
"Adding the Old Orchard brand to our product portfolio will further strengthen our presence in the U.S. national brands sector," says Pierre-Paul Lassonde, chairman of the board and CEO of Lassonde. "This transaction fits well within our sustained growth strategy and improves our overall position in the United States."