FGF Brands acquires Metro's Première Moisson plant. July 20, 2026 By Food in Canada Staff Talking points. FGF Brands has acquired Première Moisson Group's production facility in Baie-D'Urfé, Que., for $90 million. Première Moisson will remain a subsidiary of Metro, retaining ownership of its brand and 25 retail bakeries across Quebec. * The acquisition aims to enhance innovation and product development while maintaining the quality of Première Moisson products. * All employees affected by the transaction will be transferred to FGF upon closing. * The deal is expected to finalize by September 2026, pending customary closing conditions. This acquisition highlights FGF's commitment to expanding its manufacturing capabilities while ensuring the continued success of the Première Moisson brand, which is known for its artisanal quality. Powered by: FGF Brands acquire Première Moisson Group's production facility in Baie-D'Urfé, Que., for $90 million. Première Moisson Group will remain a subsidiary of Metro and will retain ownership of the brand, its network of 25 retail bakeries across Quebec, its artisanal in-store production operations, and its French pastry production facility in Vaudreuil-Dorion, Que. "This transaction is consistent with our focus on our core food and pharmaceutical retail and distribution activities, while preserving the strength of the Première Moisson brand. By partnering with a company recognized for its manufacturing expertise, we will continue to offer customers the Première Moisson products they enjoy while benefiting from enhanced innovation, product development capabilities and a more efficient operating structure," said Marc Giroux, COO, Metro. The agreement with FGF provides for the continued production and manufacturing of all Première Moisson products. All impacted employees will be transferred to FGF upon closing of the transaction. "We are pleased to bring our baking expertise to Metro and in particular to Première Moisson, a brand renowned for the quality of its products and craftsmanship. This partnership allows us to leverage our manufacturing and innovation capabilities to support the growth of Première Moisson's grocery offering while continuing to provide consumers with high-quality products," said Ojus Ajmera and Tejus Ajmera, co-CEOs and co-founders of FGF. The transaction is subject to customary closing conditions amd expected to close by September, 2026.

Canadian baker FGF buys Metro production site. Under the terms of the deal, Metro will remain the owner of the Première Moisson brand and its retail bakeries in Québec. Canada-based bakery group FGF Brands has struck a deal to buy a production facility owned by Metro, one of the country's largest grocers. Family-owned FGF is to pay Metro C$90m (US$64.2m) for the Première Moisson Group site in Baie-D'Urfé, a Montreal suburb. Under the terms of the deal, Metro will remain the owner of the Première Moisson brand and its retail bakeries in Québec. FGF will manufacture and distribute Première Moisson products, meaning Metro will continue offering Première Moisson lines to customers in Québec and in Ontario. "This partnership allows us to leverage our manufacturing and innovation capabilities to support the growth of Première Moisson's grocery offering while continuing to provide consumers with high-quality products," FGF co-CEOs and co-founders Ojus Ajmera and Tejus Ajmera said in a joint statement. FGF says it is Canada's largest industrial baker and "one of the world's fastest-growing producers of bakery and snack foods". It supplies branded and private-label retailers and foodservice operators. The group's brands include the Wonder and Country Harvest labels picked up when the company acquired a clutch of assets from Canadian baker Weston Foods five years ago. Metro said the deal reflects its efforts to "focus its investments and resources on its core food and pharmaceutical retail and distribution operations". COO Marc Giroux added: "This transaction is consistent with our focus on our core food and pharmaceutical retail and distribution activities, while preserving the strength of the Première Moisson brand. By partnering with a company recognised for its manufacturing expertise, we will continue to offer customers the Première Moisson products they enjoy while benefiting from enhanced innovation, product development capabilities and a more efficient operating structure."

Metro to sell industrial bakery to FGF Brands for $90M. Metro has agreed to sell its industrial bakery in Baie-D'Urfé, Que., to FGF Brands for $90 million. The companies said the transaction is part of Metro's strategy to focus on its core food and pharmacy retail and distribution businesses while simplifying its operating model. The large-scale production facility is currently owned by Metro subsidiary Première Moisson. Upon closing, FGF will manufacture and distribute Première Moisson products sold through Metro's food stores in Quebec and Ontario. Première Moisson Group will remain a Metro subsidiary and will retain ownership of the Première Moisson brand, its network of 25 retail bakeries in Quebec, its artisanal in-store production operations and its French pastry production facility in Vaudreuil-Dorion, Que., which supplies the bakery network. Under the agreement, FGF will continue producing all Première Moisson products. Employees affected by the transaction will transfer to FGF when the deal closes, with Metro and FGF working with the union representing unionized employees during the transition. "This transaction is consistent with our focus on our core food and pharmaceutical retail and distribution activities, while preserving the strength of the Première Moisson brand," said Marc Giroux, chief operating officer at Metro. "By partnering with a company recognized for its manufacturing expertise, we will continue to offer customers the Première Moisson products they enjoy while benefitting from enhanced innovation, product development capabilities and a more efficient operating structure." "This partnership allows us to leverage our manufacturing and innovation capabilities to support the growth of Première Moisson's grocery offering while continuing to provide consumers with high-quality products," said Ojus Ajmera and Tejus Ajmera, co-CEOs and co-founders of FGF. The transaction is subject to customary closing conditions and is expected to close during Metro's fourth quarter of fiscal 2026, which ends Sept. 26, 2026. Montreal-based Metro is a food and pharmacy retailer operating in Quebec and Ontario. The company owns the Première Moisson brand, operates a network of about 1,000 food stores and 640 pharmacies, and reported annual sales of more than $22 billion. FGF Brands is a Canadian, family-owned bakery company headquartered in Toronto. Founded in 2004, it is Canada's largest industrial baker and supplies branded and private-label bakery and snack products to retailers and foodservice customers across North America and other global markets. Photo: FGF Inside the story. Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember. * | Sale/Acquisition