Canadian poultry wholesaler Sunchef Foods is set to receive C$17.5m funding, which it intends to use for the phase III expansion of its Anjou plant and broaden its product portfolio.
The La Caisse de dépôt et placement du Québec is providing C$10m, while the Business Development Bank of Canada (BDC) is investing C$7.5m.
La Caisse Private Equity executive vice-president Normand Provost said, "Since we made our first investment back in 2006, the company has grown at a fast pace, creating attractive returns for our clients."
BDC Food and Beverage Industry Major Accounts manager Christian Thauvette said, "This financial package is the result of an outstanding collaborative effort by the Sunchef, BDC and Caisse de dépôt et placement du Québec teams."
La Caisse is a financial institution that manages funds primarily for public and private pension and insurance plans.
BDC provides financing, subordinate financing, venture capital and consulting services to over 28,000 small and medium-sized companies.
