The Dandurand Group and Station 22 enter definitive agreement for Dandurand to become majority stakeholder
by CM Staff
Station 22's manufacturing facility, strategically located near the Port of Montréal, will enhance and expand the Dandurand Group's network.
MONTRÉAL — The Dandurand Group and Station 22 announced on Jul. 6 that they have entered into a definitive agreement for Dandurand to become a majority stakeholder in Station 22, a Canadian producer, distributor, and bottler formerly known as Maison des Futailles. The transaction, which is subject to approval by the Competition Bureau, is expected to be completed in the third quarter of 2022.
The Dandurand Group is a Canadian alcoholic beverages agency and importer. It has provided Canadian consumers, suppliers, customers, and partners with premium brands from around the world.
Station 22’s manufacturing facility, strategically located near the Port of Montréal, will enhance and expand the Dandurand Group’s network with a sustainable supply chain highly focused on local bottling capacity. This capability reportedly enables more cost-efficient and reliable North American supply chain operations while providing an improved global footprint.
Philippe Dandurand, Founder and Chairman of the Dandurand Group is proud of the Company’s continuous efforts toward innovation: “The Dandurand Group always keeps a finger on the pulse of consumers, the industry, and global trends. As a result, we are confident that this new step for the company will help provide novel solutions for our market. The Dandurand Group will offer a unique and fully integrated model that will enable partners and suppliers to work with us in an increasingly streamlined manner. We look forward to welcoming Station 22’s talented team to the Dandurand family and to blending our respective corporate cultures in the spirit of partnership.”
The Dandurand Group’s CEO, Hugues Gauthier, highlights the desire for continuity through this acquisition: “The partnerships built over the years by Station 22, and the integration of their team, will strengthen our position and enable us to solidify a global beverage network with strong roots in Canada. We will then have the ability to offer everything from bottling and creative options to distribution and marketing support. We will be proud to introduce this new all-in-one business model to our partners and customers, both in and outside of Canada.”