Dion Herbs & Spices acquired by Quebec investor group led by Champlain Financial

12 May 2021

On May 12, 2021, a group of investors led by Champlain Financial Corporation ("Champlain") acquired Dion Herbs & Spices ("Dion"). Financial terms of the transaction were not disclosed.

Dion is a leading herbs & spices seller in Quebec, offering a wide range of products sold in over 1000 retail locations in Canada and the US.

Champlain, based in Montreal, has a diversified investment portfolio, currently with investments throughout Canada and the US. Champlain provide equity capital and growth management expertise for small and middle-market companies that are eager to grow locally and abroad.

Gowling WLG advised Dion and its shareholders in this transaction with a team led by Robert Dorion and including, among others, Georgi Paskalev, Sébastien Gardère and Tanya De Nardis.

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