Business and Operations
Humanity Bakeries invests in Quebec’s specialized bakeries
By Bakers Journal
A group of investors announced the creation of Humanity Bakeries Inc., a Quebec-based investment platform focusing on Quebec’s specialized bakery and pastry industry.
The investors were led by Champlain Financial Corporation, which announced the acquisition of Maison Isabelle Inc., a Trois-Rivières company that specializes in manufacturing four-quarter-style cakes that are sold across Canada. Under Humanity, Maison Isabelle will combine its strengths with those of Boulangerie-Pâtisserie Dumas Inc., a Canadian leader in the production, distribution and marketing of puff pastry, croissants and vol-au-vent acquired in June 2020 by Champlain.
Champlain also announces that the companies forming part of Bakery Humanity will be led by Dominique Bohec, the president and shareholder of Maison Isabelle.
Bohec has held the position of Vice President of Sales and Marketing for the family business for over 20 years and has extensive experience in international market development and business management. He added in a statement, “In 2015, when I acquired Maison Isabelle, my vision was to bring our industry together by creating a platform under the name Bakery Humanity to build a dominant player in the industry. When Champlain approached me, I really saw the opportunity to join forces to achieve this goal. Each business owned by Bakery Humanity will be operated independently and must have a sustainable development plan based on the environment, respect and social contribution.”
The financial terms of the transaction have not been disclosed.