QUEBEC — A group of investors led by Champlain Financial Corporation announced the creation of Humanity Bakeries, Inc., a Quebec-based investment platform centered on the Quebec specialized bakery and pastry industry operating as Bakery Humanity.
With that, the investor also acquired Maison Isabelle, Inc., a Trois-Rivières company founded in 1990 and specializing in the manufacture of four-quarter-style cakes that are sold across Canada. Under Bakery 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.
Bakery Humanity will be led by Dominique Bohec, currently the president and shareholder of Maison Isabelle, master baker and pastry chef and son of the founders of La Petite Bretonne. Bohec was VP of sales and marketing for the family business for two decades and has extensive experience in international market development and business management.
“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,” he said. “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.”
“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."
Marc Poulin, executive chairman of the board, added, “We are pleased to welcome Maison Isabelle and Dominique to the platform. His dynamism and expertise will be a great asset that will allow us to achieve our expansion plans with optimism.”
The financial terms of the transaction have not been disclosed.
