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.
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.”