ME Investors Eye Canadian Co. Stake
World Economy

ME Investors Eye Canadian Co. Stake

A consortium of investors from the Middle East region is set to acquire a majority stake in La Maison Cannelle, a leading specialized food producer in the health and wellness food segment based in Quebec, Canada, TradeArabia reported. Headquartered in Richmond, La Maison Cannelle is a leading purveyor of artisan Gluten-Free products. Founded by Elizabeth DuPont in 2005, La Maison Cannelle operates in one of the fastest growing segments of the health and wellness food sector in North America, with a 10% growth and expected market size of $17 billion by 2016. As part of the acquisition, the consortium will invest in capacity expansion as well as organic growth, said a statement from Trussbridge Investments.

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