Key Takeaways
- Savoura has entered into an agreement in principle to acquire the majority of the assets of Productions Horticoles Demers, following a Court-supervised investor solicitation process.
- The transaction is intended to preserve greenhouse operations across several key regions of Quebec, retain horticultural expertise, and support existing quality jobs.
- The deal remains subject to customary approvals from regulatory authorities and the Court before it can close.
- Savoura will begin a phased integration process over the coming weeks, working with on-site teams to stabilize operations and identify short-term priorities.
- The acquisition is framed as part of Savoura's broader vision for sustainable growth and food autonomy in Quebec.
Savoura Agrees to Acquire Majority of Assets of Productions Horticoles Demers in Quebec
Quebec-based greenhouse grower Savoura has reached an agreement in principle to acquire the majority of the assets of Productions Horticoles Demers, following a Court-supervised investor solicitation process. The transaction is intended to ensure the continuity of greenhouse operations in several key regions of Quebec, preserve existing horticultural expertise, and maintain quality employment. It remains subject to regulatory and Court approvals before closing.
Over the coming weeks, Savoura plans to begin a structured transition in collaboration with on-site teams, focusing on operational stabilization and near-term priorities.
“This agreement aligns with our vision for sustainable growth and food autonomy,” said Luc Prévost, President of Savoura. “We are committed to preserving and growing the expertise developed by the teams at Productions Horticoles Demers, in a spirit of respect, collaboration and excellence.”
Savoura to Pursue Phased Integration Focused on Continuity and Stakeholder Support
Savoura will approach the integration in phases, prioritizing operational stability, knowledge sharing, and transparent communication with all stakeholders across both organizations. The company frames the acquisition as a strategic step in building out a more resilient and autonomous Quebec food production base.
“Our priority is clear: to ensure business continuity, support our teams, and build a strong future for all stakeholders,” added Mr. Prévost.
Productions Horticoles Demers Background
Productions Horticoles Demers was a greenhouse horticulture operator with facilities in multiple Quebec regions. The Court-supervised process through which Savoura identified and acquired the assets is a standard mechanism for distressed business sales in Canada, providing a transparent framework for buyer solicitation and creditor protections.
