Claridge Food Group invests in WeCook Meals

Photo credit: CNW Group/Claridge Food Group

Claridge Food Group will investment $40 million in WeCook Meals. Investissement Québec will co-invest with a $13 million investment, and Desjardins Capital reinvests $3 million in the company in addition to joining the new investment vehicle.

WeCook Meals aims to accelerate its annual sales growth, relyingon its food processing, quality meals, menu customization and digital marketing.

“In just a few years, WeCook Meals has become the leading ready-to-eat company in Canada, thanks to the support of financial partners such as Desjardins Capital and Investissement Québec,” said Pierre Boivin, President and CEO, Claridge. “The new investment we are announcing demonstrates the deep confidence of all our partners in WeCook Meals’ vision and business plan. We will work with WeCook Meals’ management to provide them with the financial capabilities and management expertise of growing food processing companies, adding value at every stage of their development.”