Vegpro sold to American | The Journal of Montreal

The country’s largest fresh vegetable producer, Vegpro, has just been sold to an American fund that will retain its headquarters in Sherrington with 40 employees, including six managers.

• Also read: They cultivate the garden of Quebec

“The head office is in Sherrington and will remain in Sherrington,” he assured in an interview with the protocol Anthony Fantin, CEO of Vegpro, whose sales exceed $270 million.

“It’s a financial partner, it’s not an entrepreneur,” he explained, speaking about the American fund Vision Ridge Partners, which became the majority shareholder after Gerry Van Winden left.

No operator

Boulder, Colorado-based $2.5 billion sustainability fund Vision Ridge Partners did not respond to our interview requests. Vegpro did not want to provide any information on the amount of the transaction.

Last year, Le Journal told the story of Gerry Van Winden, who came here from the Netherlands with a handful of dollars and managed to turn what was then cheap country into a veritable salad empire. .

Today, the Jardins-de-Napierville county company is turning a page in history, a symbol of the region’s thriving success.

dissatisfaction in the industry

Behind the scenes, major Quebec industry players demonstrated yesterday at the protocol their dissatisfaction with seeing Americans in business.

“After the French took over Laiterie Chalifoux, we saw the horticultural sector pass into the hands of the Americans. Is that really what we want as a food model? one of them asked, requesting anonymity for fear of being attacked by those around him.

As the Legault government drives home food self-sufficiency, its Agriculture Minister André Lamontagne answered questions from the protocol by becoming a philosopher.

“Obviously we prefer ownership to remain in Quebec, but economic activity remains in Quebec,” he said.

Quebec shoppers in the ranks

At the Quebec Food Processing Council (CTAQ), its CEO, Sylvie Cloutier, agreed.

“I spoke to Mr. Van Winden, who confirmed to us that the surgeries would stay here,” she said.

During an interview with Le Journal, Vegpro’s new CEO, Anthony Fantin, indicated that around fifty buyers had expressed interest.

“Among the four finalists were two Canadians, one of them from Quebec,” he explained.

“The Fonds de solidarité FTQ was involved in one of these groups,” he breathed, refusing to say whether the Caisse de dépôt was part of the lot or not.

VEGPRO COMING SOON

  • Foundation: 1998
  • Headquarters: Sherrington
  • Employees: 1000
  • Vegetables: baby lettuce, onions, carrots, and shallots
  • Brand: Fresh Attitude

Four factories:

  1. Quebec (2): one pack of lettuce and one pack of onions and carrots.
  2. British Columbia
  3. Florida

Source: Vegpro

Founded by Reuben Munger, Vision Ridge has offices in Colorado and New York and has invested in solar power and transportation electrification.

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