CDL Corporate Group acquires Prestige Maple Products Inc.
CDL Corporate Group has recently acquired Prestige Maple Products Inc., a family-owned company specializing in the production and distribution of processed and packaged maple products. This acquisition, leveraging the complementary synergies of both companies, will enable Prestige Maple Products to ensure its growth and continue its development through product diversification in both domestic and international markets.
Prestige Maple Products is located in St-Eusèbe in the Bas-St-Laurent region. Its strategic location, quality services to maple producers, processed products to consumers, its team and its specialized infrastructures in maple product processing are the reasons why Prestige Maple Products was a desired partner for CDL. Mr. Patrick Lavoie, founder of Prestige Maple Products and former owner, explains: “CDL is a family-owned company like ours, well-known in the maple industry. The association of these two companies with common family values was therefore quite natural!”
Vallier Chabot, Carl Cyr, Julie Ouellet, Cynthia Dubé et Patrick Lavoie
Growing the maple market potential
The change in leadership will span several months, if not years. “I will remain active and will oversee syrup procurement at Prestige Maple Products. My passion and motivation lie in connecting with producers. Therefore, it was important for me to continue to take on this role and participate in building the next generation for this function,” ensures Patrick Lavoie. He adds: “The excellent business relationship with our partner maple producers is also a key element in developing innovative maple products.”
Through this acquisition, Prestige Maple Products will soon be able to develop new distinct and complementary products to maple syrup sourced from maple production. Through this acquisition, the two entities, which will remain distinct in their daily management, will continue to grow and improve the maple industry. Mr. Vallier Chabot, from CDL Corporate Group, explains: “We believe that the new opportunities envisioned will be a great opportunity for all maple producers, and ultimately, it will grow the global potential of the maple market.”
The new synergies soon to be implemented between these two companies, aiming for integration from the tree to the consumers, will therefore be an advantage for the development of the entire North American maple industry.
About Prestige Maple Products Inc.
Founded in 1995 by the Lavoie family, the company began with the acquisition of a 2,000 taps maple grove in Témiscouata, Quebec. In 1998, the family created Sirop de l’Est for the distribution and export of bulk maple products. In 2014, new infrastructure was put in place to enhance production capacity. In January 2017, the Prestige Maple Products Inc. division was created for the production and distribution of processed and packaged maple products.
