SCOTSBURN – The purchase of an ice cream and novelty company from Quebec will help facilitate Scotsburn’s growth in the ice cream sector.
According to a news release from Scotsburn Co-operative Services Limited, the business will continue its focus on growth in ice cream through an agreement in principle to purchase Les Aliments Lebel Foods Inc., a family-owned company based in Lachute, Que. that produces premium ice cream and novelties.
The announcement “gives Scotsburn a tremendous opportunity to build on our growth as a leading ice cream producer and supplier across Canada,” said Doug Ettinger, president and chief executive officer of Scotsburn in the release.
“By continuing to increase Scotsburn’s focus on ice cream, most recently with this proposed purchase of Lebel, we are also opening the door to major growth opportunities throughout North America.”
Gaetan Lebel, president and company founder of Les Aliments Lebel Foods Inc., will continue to oversee operations on behalf of Scotsburn at the Lebel plant in Lachute, which employs approximately 160 people.
Final closing of the transaction is expected to take place by March 2014.