Bariatrix Nutrition, Inc., a family-owned company which manufactures protein-rich foods and supplements for medically-monitored weight-loss diets, has secured C$12.9 million in financing from Canadian public sector pension fund the Caisse de dépôt et placement du Québec. Bariatrix, which is based in Lacine, Québec with additional facilities in Vermont, will use the proceeds of the new funds to support further growth and development.
The Caisse invests $12.9 million in Quebec-based Bariatrix Nutrition Inc.
MONTREAL, Jan. 28, 2013 /CNW Telbec/ – The Caisse de dépôt et placement du Québec announced today an investment of $12.9 million in Bariatrix Nutrition Inc. (BNI), a manufacturing company active in the Québec food industry.
“Bariatrix Nutrition Inc. has carved out an enviable position in its industry, particularly through the vision of its management team and its great ability to innovate,” said Normand Provost, Executive Vice-President, Private Equity at the Caisse. “Today the Caisse is acting on an opportunity to contribute to BNI’s growth, and the company’s success will benefit Caisse depositors.”
Bariatrix Nutrition has its head office and main plant in Lachine and additional facilities in Vermont.
“We are pleased to know that the Caisse will be by our side and will participate in the growth of BNI over the coming years,” said Roderick Egger, President of BNI. “Being able to count on such a solid partner is a great asset for our development.”
ABOUT BARIATRIX NUTRITION INC.
Since 1978, Bariatrix Nutrition has been the leader in the field of protein-rich foods and supplements for medically-monitored weight-loss diets. Bariatrix Nutrition products are developed by a multidisciplinary team of biochemists, nutritionists and scientists whose goal is to develop healthy, practical and flavourful food. The company has its primary production site in Montréal, Québec (Canada) and a logistics site in Vermont (United States). www.bariatrix.com
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2011, it held $159 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com.
SOURCE: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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