Boulangerie Dumas, a Canada-based bakery business specialising in puff pastries, croissant and vol-au-vents, has been acquired by a group of Quebec investors for an undisclosed sum.
The consortium, led by Champlain Financial Corporation, said that, with this transaction, the Quebec City-based business is now “well positioned to accelerate its product development and distribution” across the country and in the US.
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Founded in 1992 by the Dumas family, the company sells its products under the Dumas brand and also supplies private-label products to large Canadian grocery chains and secondary food processors.
Following the deal, Marc Poulin, a former CEO of Canadian grocery chain Sobeys, has joined the company as executive chairman to support the existing management team.
He said: “I’m looking forward to working alongside the existing management team at Dumas to help support the different avenues of growth.
“Dumas has forged a reputation for superior-quality products which will continue to underpin our growth initiatives, a key of focus which will be increased penetration of the US market.”
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