ST-EUSEBE, Que—CDL Corporate Group today announced it has 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, CDL said in a press announcement.

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.

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!"

Growing the Maple Market Potential

As the sugaring season approaches, the change in leadership will span several months, if not years.

"I will remain active and will oversee syrup procurement at Prestige Maple Products," Lavoie said. "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."

He added: "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.

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.