date:May 24, 2013
out of Lassonde's working capital. Closing of the transaction is expected to occur in May 2013.
Lassonde Industries chairman and CEO Pierre-Paul Lassonde said that the company's investment in CPC in 2011 was made in accordance with our business and strategic plan.
This additional investment in CPC confirms our confidence in the success of this plan and in our continued partnering with CPC's lead executive, Lassonde added.
Lassonde noted that this transaction extinguishes financial liabilities