ST. STEPHEN, N.B. –
Canada’s oldest candy and chocolate company Ganong Bros., Ltd. is teaming up with seafood big Cooke Inc. in a bid to develop the family-run confectionery enterprise.
The partnership will see Cooke, the guardian company of a number of aquaculture, seafood processing and wild fishery divisions, spend money on Ganong and assist the company modernize and increase into new markets.
Bryana Ganong, president and CEO of Ganong and the fifth era of the household to run the enterprise, stated the funding by Cooke might be directed into new tools and upgrades on the company’s St. Stephen, N.B., services.
It may even enable Ganong to leverage Cooke’s global retail grocery presence, serving to develop the candy company’s gross sales around the globe, she stated.
“This is new territory for us as a privately owned household enterprise,” Ganong stated. “But it’s important that we be open to change and adaptation to continue for future generations.”
“We’re an nearly 150-year-old company and we’re very related to our group. It was actually necessary for us to prioritize a accomplice that was going to perceive that connection and wish to see the enterprise develop right here in New Brunswick, and Cooke is an ideal match.”
Established in 1873, Ganong is Canada’s oldest family-owned and operated candy and chocolate company, with standard manufacturers together with Chicken Bones, Pal-o-Mine bars and Delecto bins of varied sweets.
Ganong has been working to optimize its product choices, cut back the labour depth of merchandise and enhance and streamline operations for a number of years, Ganong stated.
In the center of the pandemic, the company launched an allergen removing undertaking and commenced manufacturing some merchandise in numerous methods to separate allergens within the facility, Ganong stated.
As a end result, the company was ready to safe two new contracts to make merchandise for different manufacturers, she stated.
“We produce confectionery merchandise for a spread of firms in Canada and the U.S. beneath their very own manufacturers right here in our facility in St. Stephen,” Ganong stated. “That is certainly the fastest-growing piece of our enterprise.”
But Ganong stated the company realized that to proceed its development, an funding could be wanted.
“We function in an setting the place we’re competing in opposition to giant multinationals,” she stated. “There definitely aren’t very many smaller gamers left within the business anymore. There’s been numerous consolidation.”
Cooke’s help will assist make sure the company stays aggressive in an ever-changing global confectionery market, Ganong added.
Glenn Cooke, CEO of Cooke, stated in an announcement that his company is proud to make an funding in Ganong to assist strengthen and develop the candy maker.
This report by The Canadian Press was first revealed Oct. 14, 2022.