ROUGEMONT, QC, Sept. 2, 2020
/CNW Telbec/ - (TSX: LAS.A) Jean Gattuso, Chairman of Lassonde Pappas and
Company Inc. and President and Chief Operating Officer of Lassonde
Industries Inc. (the Company), is pleased to announce the
appointment of Vincent R. Timpano to the role of President and CEO
of the Lassonde Pappas and Company Inc. ("LPC"). In his role, Mr.
Timpano will oversee the strategic development and growth for all
operating activities of LPC, the largest manufacturing and sales
subsidiary of juices and ready-to-drink beverages of Lassonde
Industries Inc. Mr. Timpano will be assisted by Seth French who is to continue to develop and
manage LPC's Private Label operations and by Howard Veltman who will now manage all of LPC's
National Brands.
"I am very proud to welcome Vince to the Lassonde leadership
team to oversee the management of our US subsidiary Lassonde Pappas
and Company Inc. Vince has extensive experience in the consumer
products industry and is recognized for his human and professional
qualities in the development, transformation and effective
management of organizations. I am confident that Vince and the
whole Lassonde team in the United
States will quickly reach new heights over the next few
years, both in terms of innovation and financial results"
underlined Mr. Jean Gattuso.
Mr. Timpano has a solid track record as a proven executive with
extensive commercial and operational knowledge. Over the past 20
years, he has served in several executive roles, including
President, Global Coalitions, at Aimia Inc, President of Coca-Cola
Canada, and President and CEO of The Minute Maid Company
Canada.
He is a member of the Advisory Board of Directors at the
Napoleon Group of Companies and he is a former board member of
Seneca College and the Scarborough
Health Network; he has also chaired the Board of Trustees of the
United Way, Toronto. He is a
graduate of the Institute of Corporate Directors, Rotman School of Management, University of Toronto, and received an MBA from the
Ivey Business School at Western
University.
About Lassonde
Lassonde Industries Inc. is a North American leader in the
development, manufacture and sale of ready-to-drink juices and
drinks marketed under brands such as Apple & Eve, Everfresh,
Fairlee, Fruité, Graves, Oasis, Old Orchard, Rougemont and Sun-Rype. Lassonde is the
largest producer of fruit and vegetable juices and drinks in
Canada and one of the two largest
producers of store brand shelf-stable fruit juices and drinks in
the United States. It is also a
major producer of cranberry sauces. The Company also produces
fruit-based snacks in the form of bars and bites.
Lassonde also develops, manufactures and markets specialty food
products under brands such as Antico and Canton. The Company also
imports and markets selected wines from various countries and
manufactures apple ciders and cider–based beverages.
The Company produces superior quality products through the
expertise of approximately 2,600 people working in 18 plants across
Canada and the United States. To learn more, visit
www.lassonde.com.
Caution Concerning Forward-Looking
Statements
In this document and in other documents filed with Canadian
regulatory authorities or in other communications, the Company may
from time to time make written or oral forward-looking statements
within the meaning of applicable securities
legislation. Forward-looking statements notably include
estimates, expectations, forecasts, and projections of future
investment spending, revenues, expenses, earnings, profit,
indebtedness, financial position, losses, upcoming projects,
business and management strategies, and business growth and
expansion. In the context of this document, forward-looking
statements are particularly used to discuss preliminary results,
the rate of sales growth, and profit attributable to shareholders.
The forward-looking statements contained herein are used to help
readers better understand Lassonde's financial position and the
results of its operations as at the dates presented and may not be
appropriate for other purposes. Forward-looking statements can be
recognized by such words as "may," "should," "believes,"
"predicts," "plans," "expects," "intends," "anticipates,"
"estimates," "projects," "objective," "continues," "proposes,"
"targets," or "aims" as well as words and expressions of a similar
nature and whether they are used in the affirmative or negative or
used in the conditional or future tense. Forward-looking statements
also include any statements that do not refer to historical
facts.
By their very nature, forward-looking statements are based on
assumptions and involve inherent risks and uncertainties, both
general and specific in nature. It is therefore possible that the
forecasts, projections and other statements will not be achieved or
will differ significantly from those expressed or implied in such
forward-looking statements or could affect the extent to which a
particular forecast, projection or other statement materializes.
Although Lassonde believes that the expectations reflected in these
forward-looking statements are reasonable, it can give no
assurances that these expectations will prove to be correct.
Readers are cautioned against placing undue reliance on
forward-looking statements when making decisions, as the actual
results could differ considerably from the opinions, plans,
objectives, expectations, forecasts, estimates and intentions
expressed in such forward-looking statements due to various
significant factors. Such factors include, among others, the
economic, industrial, competitive and regulatory environment in
which Lassonde operates or factors that are likely to have an
impact on its operations, its ability to attract and retain
customers, consumers, and qualified staff, the availability and
cost of raw materials and transportation, its operating costs, and
the price of its finished products in the various markets where it
operates.
The Company cautions that the foregoing list of factors is not
exhaustive. For additional information about the risks,
uncertainties, and assumptions that could cause Lassonde's
actual results to differ from its stated expectations, readers may
also consult the "Uncertainties and Principal Risk Factors" section
of the Company's most recent annual MD&A and the other
documents it files from time to time with securities regulators in
Canada and available on
www.sedar.com. The forward-looking statements contained in this
press release reflect the Company's expectations on this date and
are subject to change after this date. Lassonde does not undertake
to update publicly or to revise these forward-looking statements,
whether as a result of new information, future events or otherwise,
unless required by applicable legislation or regulation.
SEDAR registration number: 00002099
SOURCE Lassonde Industries Inc.