Montreal-based Courchesne Larose Ltd. has taken a minority stake in Montreal-based J.B. Laverdure Inc.
Jean-François Laverdure, CEO of J.B. Laverdure Inc., and Alain Routhier, CEO of Courchesne Larose, announced the investment in a June 20 news release.
“This transaction will result in an improved supply chain, state of the art facilities located at key strategic locations, a combined expertise in logistics and an unparalleled commitment to customer service,” the companies said in the joint release.
“This new partnership will enhance the ability of both organizations to be key partners in the value chain of both suppliers and customers.”
Both companies have been in business for 100 years or more.
In 1918, Déus Courchesne and Victor Larose began Courchesne Larose Ltd., and the company is now a large importer, wholesaler/distributor and exporter of fresh produce.
In 2017, J.B. Laverdure Inc. celebrated its 120th anniversary. In 1897, Jean-Baptiste Laverdure began distributing fruits and vegetables to Montreal customers with a horse and buggy. Today, his great great grandson Jean-Francois leads one of the biggest importer-wholesalers in Quebec.
