In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.
Canada Bread Company, Limited, a subsidiary of Grupo Bimbo S.A.B. de C.V., acquired Saputo Bakery Inc. (Saputo Bakery Division) from Saputo Inc. (Saputo). The purchase price of $120 million was paid in cash at closing.