METRO, FGF Partner on Première Moisson Bakery
METRO Inc. and FGF Brands announced a strategic partnership for the commercial bakery manufacturing operations of Première Moisson Group Inc., a subsidiary of METRO. As part of the transaction, FGF will acquire Première Moisson Group’s production facility located in Baie-D’Urfé for a total consideration of $90 million.
The transaction is expected to close during METRO Inc.’s fourth quarter of fiscal 2026, which ends on September 26, 2026.
This agreement will allow METRO to continue offering Première Moisson products to customers throughout its Québec and Ontario food store network while leveraging FGF’s manufacturing expertise, innovation capabilities and operational scale.
Première Moisson Group will remain a subsidiary of METRO and will retain ownership of the Première Moisson brand, its network of 25 retail bakeries across Québec, and its other operations across Canada. The agreement with FGF provides for the continued production and manufacturing of all Première Moisson products.
Marc Giroux, the Chief Operating Officer of METRO, stated: “This transaction is consistent with our focus on our core food and pharmaceutical retail and distribution activities, while preserving the strength of the Première Moisson brand. By partnering with a company recognized for its manufacturing expertise, we will continue to offer customers the Première Moisson products they enjoy while benefiting from enhanced innovation, product development capabilities and a more efficient operating structure.”
The Co-Chief Executive Officers and Co-Founders of FGF, Ojus Ajmera and Tejus Ajmera, said: “We are pleased to bring our baking expertise to METRO and in particular to Première Moisson, a brand renowned for the quality of its products and craftsmanship. This partnership allows us to leverage our manufacturing and innovation capabilities to support the growth of Première Moisson’s grocery offering while continuing to provide consumers with high-quality products,”
