Iconic family-owned business sold to private investment firm.
November 11, 2011
by Canadian Packaging Staff
Sun Pac Foods Ltd., a Brampton, Ont.-based drink manufacturer privately owned for over 100 years has been purchased by Liquidbrands Inc., an investment firm owned privately by Csaba Reider.
While financial terms of the deal were not disclosed, it was announced that Reider has taken over as the president and chief executive officer of Sun Pac effective November 7, 2011. Reider, a savvy industry veteran had previously held the president and chief executive officer reins of Xyience, and energy drink manufacturer. At Cott Beverages, he was vice-president of operations and at Cott Corporation he was the vice-president of global sourcing and Six Sigma.
Established in 1887, Sun Pac has been owned by the Riddell family since the 1930s. It’s current line-up of beverages includes: sports drinks, juice concentrates, frozen juices, natural teas, health-focused juices, as well croutons and crumbs under the McDowell Ovens brand and private label brands—all of which are distributed across Canada, the U.S. and the Caribbean.
“I want to thank the Riddell family for successfully steering Sun Pac through 100 years of change and making it a truly successful Canadian business,” Reider states.
“We look forward to working with the team of Sun Pac employees to build on the strong history of quality and customer service while taking the Company to the next level through innovation and opportunity with new customers, partners and products.”
The 355,000-square-foot Sun Pac manufacturing plant in Brampton is one of the largest independent hot-fill beverage facilities in North America.
For more information on Sun Pac, visit www.sunpac.com.