Lassonde completes its purchase of the assets of Mondiv Food Products Inc.



    ROUGEMONT, QC, Nov. 26 /CNW Telbec/ - Lassonde Industries Inc.
(LAS.A-TSX) today announced that its subsidiary Lassonde Specialties Inc., a
manufacturer of specialty food products best known under the CANTON trademark,
has completed its previously announced purchase of the business and related
assets of Mondiv Food Products Inc. The purchased assets include a production
plant in Boisbriand, Quebec, the ANTICO trademark, and Mondiv's working
capital. The purchase price of the assets is $18.9 million subject to usual
adjustments.
    "This acquisition should enable Lassonde Specialties Inc. to diversify
its current product line and packaging offering, to enhance its product
development capability, and to extend its market to North America as a whole,"
stated Jean Messier, President and Chief Executive Officer of Lassonde
Specialties Inc.

    Mondiv Food Products Inc. is a leading private label manufacturer of
long-shelf-life specialty food products sold primarily to U.S. and Canadian
food chains and distributors. The primarily glass-jar products are processed
at the Boisbriand plant and include mainly pasta and other specialty sauces,
bruschetta, tapenades, and artichoke antipastos. The state-of-the-art plant is
USDA compliant, HACCP approved, and certified organic by the Quality Assurance
Institute (QAI). Mondiv has net sales of $25 million, to U.S. and Canadian
customers.

    Lassonde Specialties' mission is the development, manufacturing, and
marketing of unique food products for niche markets.
    %SEDAR: 00002099EF




For further information:

For further information: Jean Messier, President and Chief Executive
Officer, Lassonde Specialties Inc., (450) 797-3303, extension 222; Guy
Blanchette, Vice-President, Finance Lassonde Industries Inc., (450) 469-4926,
extension 782


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