Valeo Foods Group, the producers of sweets, treats and snacks, has completed the acquisition of Appalaches Nature, a Canadian maple syrup business which operates from a state-of-the-art 100,000 sq ft carbon neutral facility in Thetford Mines, Québec.
Started in 2018, Appalaches Nature 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’ Canada-based Les Industries Bernard & Fils (Bernard) maple syrup business has grown by 30% since becoming part of Valeo Foods in 2022.
It is envisaged that Appalaches Nature will be integrated 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 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 which is led by the fifth generation of the Bernard family.