Deloitte & Touche Corporate Finance LLC Advises on Sale of a Canadian Food Processing Company
Cross-Border Transaction Highlights DTCF’s Global Investment Banking Network
Deloitte & Touche Corporate Finance LLC (DTCF) assisted Deloitte & Touche Corporate Finance Canada Inc. (DTCF Canada) in the sale of Renée’s Gourmet Foods Inc. (Renée’s) to H.J. Heinz Company of Canada Ltd. (Heinz).
Renée’s engaged DTCF Canada to approach a selected group of qualified purchasers in both Canada and the United States. DTCF Canada retained DTCF to approach potential buyers in the United States. DTCF Canada introduced Heinz to the opportunity to acquire Canada’s leading refrigerated salad dressing business with more than 70% national market share and the number one salad dressing in Canada.
About Renée’s Gourmet Foods Inc.
Renée’s is headquartered in Toronto, Ontario and is Canada’s leader in the refrigerated salad dressing category under the brand name Renée’s Gourmet. The company also produces sauces, marinades, dips and mayonnaise products under the Renée’s Gourmet brand and private label.
Renee’s products are fresh, natural, healthy and preservative-free.
Customers include supermarkets, gourmet/specialty, health and club stores, well-known restaurant chains, and food service companies in Canada and the in the United States.
About H.J. Heinz Company
H.J. Heinz Company is a global U.S.-based food company and one of the world’s leading marketers of branded foods to retail and foodservice customers. The company has a portfolio of brands holding number one and number two market positions in more than 50 countries.
*Deloitte & Touche Corporate Finance Canada Inc. is a subsidiary of Deloitte & Touche LLP Canada, the member firm of Deloitte Touche Tohmatsu in Canada.