“Sun-Rype is in good hands with Lassonde– Jim Pattison
Kelowna’s Sun-Rype Products Ltd. has a new owner — US-based Lassonde Industries Inc. The Jim Pattison Group received $89.3 million for the three Sun-Rype facilities located in Kelowna, BC, Selah and Wapato, WA.
“Both of our organizations have an excellent reputation in the market and a great tradition of innovation and service quality in fruit juice and food processing. We are pleased to be able to pursue our growth together,” says CEO Nathalie Lassonde.
“Sun-Rype is in good hands with Lassonde,” says Jim Pattison, Chairman and CEO of The Jim Pattison Group. “Lassonde is a very well respected and established Canadian company, which has been in business for over 100 years. It has been a key supplier to several of our companies, including Save-On-Foods and Buy-Low Foods for decades, and will continue to be. Lassonde is a first-class growing company with an excellent track record.”
Since it was founded in 1946, Sun-Rype has been producing juices and fruit snacks in Kelowna, BC, in the Okanagan Valley. The Canadian fruit-based snack and beverage manufacturer, which generated sales of approximately $164 million for the 12-month period ending on September 30, 2019. Sun-Rype employs approximately 400 people.
Lassonde Industries Inc. is a North American leader in the development, manufacture and sale of a wide range of ready-to-drink fruit and vegetable juices and drinks marketed under brands such as Apple & Eve, Everfresh, Fairlee, Fruité, Graves, Oasis, Old Orchard and Rougemont. Lassonde is also one of the two largest producers of store-brand, shelf-stable fruit juices and drinks in the United States.