Nortera Foods Inc.

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Nortera Foods Inc. - overview

Location

Quebec City, -, Canada

Primary Industry

Food

About

Nortera Foods Inc. , based in Quebec City, Canada, specializes in processing and selling high-quality canned and frozen vegetables, legumes, and fruits, catering to diverse consumer needs throughout North America. Nortera Foods Inc. focuses on the processing and distribution of vegetable products.


The company is headquartered in Quebec City, Canada. It has undergone a strategic pivot to enhance its product offerings and expand its market reach. No information is available regarding parent or subsidiary relationships. The founder's history is not specified.


The firm secured a significant investment deal on June 30, 2022. Nortera is a leader in the processing and sale of vegetables, specializing in both canned and frozen products. With a diverse portfolio of over 260 distinct offerings, the company utilizes two primary processing technologies to deliver high-quality vegetables, legumes, and fruits to its customers. Their product lines cater to a variety of consumer needs, focusing on convenience and health, which are increasingly important in today’s market.


Nortera's extensive client base includes retailers, food service operations, and direct consumers, primarily in North America, where they serve regions such as the United States and Canada. The company processes over 400,000 tons of vegetables annually, leveraging a robust network of 550 agricultural partners across 100,000 acres of cultivated land, ensuring a steady supply of fresh produce year-round. Nortera's revenue generation is primarily structured through B2B and direct-to-consumer channels, facilitating transactions with retail partners and various food service providers. The company engages in regular partnerships with grocery stores and wholesalers, positioning its products prominently in the marketplace.


Revenue is derived from the sale of its core products, including flagship offerings in the frozen and canned vegetable categories, which are essential for meal preparation in both households and commercial kitchens. These transactions typically involve bulk orders, where retailers purchase significant quantities of Nortera's products to stock their shelves. The pricing structure reflects the quality and variety of the company’s offerings, catering to a wide range of customers while maintaining competitive pricing across its product lines. Nortera Foods plans to accelerate growth through new product launches and geographic expansion.


The company is exploring innovative vegetable product lines that emphasize health and convenience, with potential releases expected in the upcoming year. Additionally, Nortera aims to expand its reach into new markets, targeting regions beyond North America. The recent acquisition on June 30, 2022, involving Fonds de solidarite FTQ and CDPQ acquiring a 65% stake in Bonduelle Americas Long Life, will provide the necessary resources and strategic direction to support these initiatives.


Current Investors

La Caisse, Fonds de solidarite FTQ

Primary Industry

Food

Sub Industries

Canned/Frozen Fruit & Vegetables, Other Food Products

Website

www.norterafoods.com

Total Amount Raised

Subscriber access only

Nortera Foods Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Corporate Carve OutAnnouncedGreen Giant-
Add-on, Corporate Carve OutAnnouncedLe Sieur-
Corporate Carve OutCompletedNortera Foods Inc.-

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