MONTREAL, Oct. 10 /CNW Telbec/ - FIER CPVC Montreal is pleased to
announce a $1 million long-term investment in Dessert Passion Inc., a
Joliette-based manufacturer of frozen layer cakes, cream puffs and eclairs.
"This $1 million long term investment by FIER CPVC Montreal is part of a
$3.3 million financing package which allowed Dessert Passion to moved its
operations to a newly renovated 30,000 square feet state of the art facility
located in Joliette", said Alain Lambert, President and Chief Executive
Officer of FIER CPVC Montreal. "The move into this larger "certified nuts and
peanut free" facility will allow Dessert Passion to significantly increase
production, get its HACCP certification and increase its workforce by almost
15% over the next two years."
"The FIER program clearly fills a need that Quebec companies have to
access capital to fund their expansion projects", said Daniel Vachon,
President and Chief Executive Officer of Dessert Passion. "The team at
FIER CPVC Montreal has combined a rigorous due diligence process with a
streamlined and fast approval process. They have worked closely with us to
design an investment that met both their strict investment criteria and our
About FIER CPVC - Montreal L.P.
FIER CPVC - Montreal S.E.C. is a $15 million regional economic
intervention fund (Fonds d'Intervention Economique Régional), managed by
Alain Lambert, William Hess, Robert E. Brown, Robert A. Milton and
Chahram Bolouri. The mandate of FIER CPVC - Montreal is to assist small and
medium-sized companies mainly located in the greater Montreal region. To date,
FIER CPVC Montreal has invested over $8.5 million in nine Quebec based
companies to help finance their growth.
About Dessert Passion Inc.
Dessert Passion, which employs 72 workers was established in August 2001
and is owned by its president and Chief Executive Officer Daniel Vachon, its
Vice President Sales Daniel Mercier and a co-operative of employees of the
company. At Dessert & Passion, it's all part of how we combine peak taste in
our products and peak productivity on the job. Our mission is to manufacture
frozen desserts and our vision is to be one of best frozen dessert
manufacturer in Canada!
For further information:
For further information: Alain Lambert, President and Chief Executive
Officer, FIER CPVC Montreal L.P., (514) 395-1191; Daniel Vachon, President and
Chief Executive Officer, Dessert Passion Inc., (450) 759-6361