A fruit giant in the Okanagan has officially been sold to a Quebec company.
Lassonde Industries announced on Friday that they’ve completed an $89.3 million acquisition of Okanagan-based Sun-Rype Products and its two U.S. affiliates from the Jim Pattison Group.
The deal means that Lassonde assumes $21 million in liabilities around long-term leases related to the Kelowna and two Washington facilities.
“We are delighted to welcome Sun-Rype’s employees to the Lassonde team,” Lassonde chief executive officer Nathalie Lassonde.
“Both of our organizations have an excellent reputation in the market and a great tradition of innovation and service quality in fruit juice and food processing.”
Between Sept. of 2018 and 2019, Sun-Rype made about $164 million from its fruit-based snacks.
Sun-Rype currently employs around 400 people.