PR Newswire
ROUGEMONT, QC, Oct. 1, 2024 /CNW/ - Lassonde Industries Inc. (TSX: LAS.A) ("Lassonde" or the "Corporation") announced today an important capital investment program aimed at enhancing the competitiveness of its U.S. beverage manufacturing network.
The program mainly consists in the investment of approximately US$200.0 million over an estimated two-year period for the construction of a new beverage manufacturing facility in New Jersey, on a site adjacent to the Corporation's existing plant. Once built, the state-of-the-art facility, extending across approximately 200,000 square feet, will replace the existing plant and enable Lassonde to fortify its competitive position in the key U.S. northeast market by improving operating efficiency and delivering incremental volume at lower costs through a more efficient production flow, improved yields, and better logistics. The investment is expected to be accretive with an internal rate of return that exceeds the Corporation's cost of capital.
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