Regal Confections acquires Mondoux Confectionary
by CM Staff
Mondoux Confectionary is based in Quebec's Laval.
Regal Acquires Mondoux Confectionery (CNW Group/Regal Confections)
LAVAL — Regal Confections acquires Quebec-based Mondoux Confectionary.
Mondoux is led by a professional management team and operates out of a 90,000 square foot facility in Laval, Quebec, which houses the company’s head-office and co-packing operation. The 22,000 square foot Giacomo chocolate factory, also in Laval, is a stone’s throw away from the company’s headquarters.
“We are incredibly proud of the impact our company has had for six decades, creating fun and life-long memories for consumers. We are excited to partner with Regal to uphold our family values and foster growth for our customers and brand partners, relying on Regal’s 65 years of experience representing prestigious brands via its coast-to-coast coverage model across all sales channels,” said Jean Mondoux, chair of Mondoux.
“I am pleased to partner with the Mondoux family and welcome Jean Mondoux to Regal’s Board. Mondoux’s President, Mathieu Pilon, will continue in his role and will lead Mondoux as a separate entity,” said Hani Basile, president and CEO of Regal.
The transaction was supported by Clearspring Capital, Regal’s shareholders and banking partners, as well as the Mondoux family and management team who will become partners in Regal.
“Regal has been on an aggressive campaign to reinforce its leadership position in Canada. This is the third acquisition by Regal in the past three years, bolstering our owned brand portfolio which includes Mr. Freeze and Koala, and elevating our service levels and reach through Mondoux’s unique direct store delivery infrastructure,” said Milap Choksey, COO of Regal and Partner at Clearspring.
