date:May 27, 2015
The EDC Business operations of Victoria-based Lion include cutting and wrapping, distribution, sales and marketing, and intellectual property associated with the COON, Cracker Barrel, Mil Lel and Fred Walker brands. It has annual sales of around C$156m ($126.8m).
The purchase price includes C$104.1m ($84.64m), which is the value of inventory net of a minimal amount of assumed liabilities.
WCB financed the acquisition through new bank term loans.
WCB expects the acquisition to expand its presence