BRAMPTON, Ont. – Sun Pac Foods Limited, a Toronto-area drinks maker, has been acquired by Liquibrands Inc., a private investment firm owned by beverage industry veteran Csaba Reider.
Liquibrands began operating Sun Pac’s Brampton-based plant northwest of Toronto on Monday and Reider took over as president and CEO of the company.
Financial terms of the transaction were not revealed.
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The sale ends a century of ownership of Sun Pac by the J.S. Riddell family.
Sun Pac is best known for its brand of fruit juices, frozen juices and juice concentrates which are distributed throughout Canada, the United States and the Caribbean.
The company also makes croutons and bread crumbs under the McDowell Ovens banner and private label brands.
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“I want to thank the Riddell family for successfully steering Sun Pac through 100 years of change and making it a truly successful Canadian business,” said Reider, a former senior executive at pop maker Cott Corp. (TSX:BCB).
“We look forward to working with the team of Sun Pac employees to build on the strong history of quality and customer service while taking the Company to the next level through innovation and opportunity with new customers, partners and products.”
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