Investment firm buys Canadian frozen poultry company
Altamont Capital Partners buys further processor Maxi Canada Inc.
Altamont Capital Partners has acquired the assets of Maxi Canada Inc., a processor of frozen poultry products that is headquartered in St-Lin-Laurentides, Quebec.
Terms of the transaction have not been released.
Maxi, founded in 1970, has developed an attractive portfolio of frozen poultry products that are sold under the Yummy and Dino Buddies brands, according to a press release from Altamont.
“Maxi has developed a suite of great tasting and desirable products that consumers love and we are thrilled to partner with the team to continue to deliver great products,” said Casey Lynch, managing director of Altamont Capital. “We believe our industry experience and dedicated operating partners can provide value-added support to management as they continue to pursue growth opportunities.”
New products to be developed
The company will benefit from oversight and support led by Altamont’s operating partner and Tall Tree Foods CEO Tim Bruer. Altamont intends to help Maxi Canada develop new products.
“The Dino Buddies brand has great growth potential and we look forward to expanding the distribution of existing products as well as exploring new products and adjacencies,” Bruer stated.
Maxi facilities will not move
While Altamont Capital is headquartered in the United States, the Maxi Canada plant and office will remain at the current locations in Quebec.