The Quebec popcorn company, Imperial Snacking, got its hands on the last assets of Bad Monkey, which declared bankruptcy at the beginning of November.
In this transaction, the amount of which has not been made public, Imperial Snacking acquires the trademark and equipment. Moreover, these have already been moved to the Saint-Eustache factory.
In terms of trademarking, Imperial Snacking indicated that it would focus on its Imperial Popcorn and French Cancan brands.
“We recently began a major project aimed at maximizing the efficiency of our production plant,” explains Elvis Langevin, president of Imperial Snacking, in a press release. This acquisition is an opportunity for us to have access to additional equipment quickly, and thus meet our growth needs. »
On November 1, Bad Monkey filed for bankruptcy with debts of $7.4 million. Fondaction had invested sums totaling $3.3 million in this company over the years.
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