Regal Confections, Montreal, Que., has acquired Kisko Products, the Canadian manufacturer of the Mr. Freeze brand.
The transaction was supported by Clearspring Capital Partners, a Canadian private equity firm focused on growing mid-market companies, and Regal's other shareholders and banking partners.
Kisko was founded in Jamaica in 1968 by Leslie and Glenor Josephs. Canadian operations commenced nearly 45 years ago, shortly after the Josephs family moved to Canada. Today, Kisko operates out of a 115,000 square foot facility in Woodbridge, Ont., which houses the company's office, production and warehouse operations, and is led by the second generation of the family, Mark, Randy and Peter Josephs.
The company represents well-known brands including Mr. Freeze, Kisko and Mrs. J's Natural as well as licensed brands, Welch's, Mott's and Crush. Kisko has contiued to strengthen its portfolio or organic and better-for-you offerings, such as sugar-free and 100 per cent juice freeze pops and has grown in Canada and the U.S.
Regal Confections, a distributor of global candy and chocolate confectionery brands, was founded in Montreal in 1962. It manufactures peanut-free and nut-free chocolate products in Quebec under the Chocolat Jean-Talon brand as well as under private label and licensed brands in Canada and the US. Regal distributes fine imported and domestic gourmet foods through its Euro-Excellence division. Regal sells through all major distribution channels in Canada including club, grocery, drugstores, mass merchants, convenience stores, dollar stores, and specialty independent stores.