Regal Acquires Mondoux Confectionery, Continuing Canadian Expansion
Regal Confections, a seasonal specialist and leading Canadian distributor of global candy, freeze pops, chocolate confectionery and premium indulgent foods, announced the acquisition of Mondoux Confectionary, a market leading Quebec based confectionery provider with its Sweet Sixteen gummy line and its Giacomo Easter chocolate range.
Mondoux was founded in 1967 by Normand Mondoux. Jean and Yvan Mondoux joined the Company as the second generation in 1975 and 1982 respectively, and the third generation, comprised of Marie-Josée, Jean-Philippe, and Sébastien Mondoux, joined the management team in 2020. Today, Mondoux is led by a professional management team and operates out of a 90,000 square foot facility in Laval, Quebec, which houses the company’s head-office and co-packing operation. The 22,000 square foot Giacomo chocolate factory, also in Laval, is a stone’s throw away from the Company’s headquarters.
Over the years, Mondoux has grown to become a leader in the Quebec Convenience & Gas channel with 77 trucks delivering its assortment in the province, the Maritimes and in Ontario. In 2010, Jean Mondoux created the iconic Sweet Sixteen brand by mixing 16 distinct premium candies in a bag. Today, Sweet Sixteen is the best-selling gummy, licorice, and marshmallow brand in Quebec. Mondoux continues to strengthen its market presence by expanding the Sweet Sixteen product range and reach, enlarging its direct to store delivery system and by offering well-established brands in its sales channels under various distribution agreements.
“We are incredibly proud of the impact our Company has had for six decades, creating fun and life-long memories for consumers. We are excited to partner with Regal to uphold our family values and foster growth for our customers and brand partners, relying on Regal’s ~65 years of experience representing prestigious brands via its coast-to-coast coverage model across all sales channels.” says Jean Mondoux, Chairman of Mondoux.
“Confectionery Mondoux and the Mondoux family have a long and well-earned reputation in the industry. This family-owned business has a rich culture and legacy. Over the years, we’ve been a friendly competitor and supplier to Mondoux. They’ve carved an enviable market niche in Convenience & Gas, especially in Quebec. In fact, many of our own products distributed in the Quebec C&G channel are sold through Mondoux’s franchise delivery model. Sweet Sixteen is a true complement to our product range and allows us to deepen our presence in the Everyday confectionary category across Canada. I am pleased to partner with the Mondoux family and welcome Jean Mondoux to Regal’s Board. Mondoux’s President, Mathieu Pilon, will continue in his role and will lead Mondoux as a separate entity.” says Hani Basile, President and CEO of Regal.
The transaction was supported by Clearspring Capital Partners, a leading Canadian private equity firm focused on growing mid-market companies, Regal’s shareholders and banking partners, as well as the Mondoux family and management team who will become partners in Regal.