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Canadian Processor Lassonde Agrees to Purchase Summer Garden Food Mfg. Parent, The Zidian Group

June 24, 2024
Lassonde will pay $235 million for the Boardman, Ohio, processor of sauces, marinades, dressings and shelf-stable products.

Canadian processor Lassonde Industries Inc. has agreed to acquire The Zidian Group, operators of Boardman, Ohio-based Summer Garden Food Manufacturing, a processor of barbecue and pasta sauces, as well as dipping sauces, marinades, dressings and other shelf-stable products.

Lassonde will pay $235 million (U.S. dollars) for Zidian, with an additional US$45 million payable over the next three years should certain financial targets and other conditions be met.

The Ohio processor employs about 200 people, manufacturing approximately 250 products sold under the Gia Russa, Little Italy in the Bronx and G Hughes brands. Summer Garden also co-manufactures products for customers. In the year ending in May 2024, Summer Garden generated sales of $148 million with an adjusted EBITDA of roughly $27.9 million.

Vince Timpano, president and COO of Lassonde Industries, said the deal brings the company closer to its goal of $3 billion in sales, and that “Summer Garden expands our core offering in pasta sauces and extends our reach into new adjacencies.” The company views the Summer Garden business as a new growth platform for Lassonde.

Lassonde manufactures fruit beverages, sauces, soups and broths, snacks, and alcoholic drinks including ciders and wine, both branded and for private label customers.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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