Canada Bread Company, Limited, a TSE-listed Ontario public corporation controlled by Maple Leaf Foods Inc., completed the acquisition of the 75 per cent of Multi-Marques Inc. not already owned by it. Multi-Marques Inc. is a leading Quebec-based bakery business with annual sales in excess of $300 million. It also owns 60 per cent of Ben’s Ltd., with operations in Halifax, Moncton and Grand Falls, N.B. The deal closed on October 12, 2001.
Stikeman Elliott acted as legal counsel to Canada Bread, with a team from its Montreal office including Peter O’Brien, Serge Tousignant and Nicolas Beugnot (corporate), Hélène Bussières (labour) and Fred Harvey (tax). Osler, Hoskin & Harcourt LLP advised Canada Bread on competition matters, with a team including Tim Kennish, Michelle Lally and Steve Sansom. Kronström Desjardins acted for the vendor group with a team that included Yves Rochette, Rico Toffoli and Jacques Boivin. Jean Delage of Colby, Monet, Demers, Delage & Crevier represented certain vendors as well.