Canada’s Regal moves to complete key acquisition of Mondoux Confectionery
Regal Acquires Mondoux Confectionery, Continuing Canadian Expansion (CNW Group/Regal Confections)
Canadian-based Regal Confections is progressing a major acquisition move for long-established Quebec gummy manufacturer, Mondoux Confectionery, as it seeks to enhance its portfolio in the region, writes Neill Barston.
As previously reported, the move, which is for an undisclosed sum, comes amid a period of ongoing growth within the North American sweets and snacks market, which last year reported sales of $48 billion, up notably on the previous year in spite of key supply chain challenges that have seen core ingredients price rises including cocoa, sugar and dairy prices rise.
Mondoux, which has gained prominence with its key lines Sweet Sixteen gummies, and Giacomo Easter chocolate, was founded in 1967 by Normand Mondoux, who gradually saw the company expand within the region.
As the business explained, Jean and Yvan Mondoux joined the firm as the second generation in 1975 and 1982 respectively, and the third generation, comprised of Marie-Josée, Jean-Philippe, and Sébastien Mondoux, joined the management team in 2020.
Headquartered in a 90,000 square foot facility in Laval, Quebec, housing the company’s head-office and co-packing operation, the company’s 22,000 square foot Giacomo chocolate factory, is also nearby in the same area.
Over the years, Mondoux has grown to become a leader in the Quebec Convenience & Gas (“C&G”) channel with 77 trucks delivering its assortment in the province, the Maritimes and in Ontario. Furthermore, in 2010, Jean Mondoux created its core Sweet Sixteen brand by mixing 16 distinct premium candies in a bag. Today, the brand is. reportedly the best-selling gummy, licorice, and marshmallow brand in Quebec.
“We are incredibly proud of the impact our company has had for six decades, creating fun and life-long memories for consumers. We are excited to partner with Regal to uphold our family values and foster growth for our customers and brand partners, relying on Regal’s 65 years of experience representing prestigious brands via its coast-to-coast coverage model across all sales channels.” says Jean Mondoux, chairman of Mondoux.
Hani Basile, President and CEO of Regal believed the acquisition would form the basis of a strong new chapter for both businesses. He said: “Confectionery Mondoux and the Mondoux family have a long and well-earned reputation in the industry. This family-owned business has a rich culture and legacy. Over the years, we’ve been a friendly competitor and supplier to Mondoux. They’ve carved an enviable market niche in Convenience & Gas, especially in Quebec.
“In fact, many of our own products distributed in the Quebec C&G channel are sold through Mondoux’s franchise delivery model. Sweet Sixteen is a true complement to our product range and allows us to deepen our presence in the Everyday confectionary category across Canada. I am pleased to partner with the Mondoux family and welcome Jean Mondoux to Regal’s Board. Mondoux’s President, Mathieu Pilon, will continue in his role and will lead Mondoux as a separate entity.”
