MONTREAL -- Gourmet coffee roaster, marketer and distributor Van Houtte Inc. said that it has initiated a review of various strategic options to further enhance shareholder value. These options include, but are not limited to, looking for a possible acquirer or partners with a view to a merger or acquisition of the company.
The strategic orientation committee of the board of directors has been mandated to perform the review of options, and it has retained CIBC World Markets Inc. as the exclusive financial advisor to assist in the review.
There are no assurance that the review will result in any specific strategic or financial transactions, the company said, and it has set no timetable.
A few years ago we implemented a development plan that calls for broadbased growth, deployment of the Van Houtte brand across Canada and the U.S. and optimal use of our Coffee Services network, the only one of its kind in North America, said president and CEO Jean-Yves Monette.
While this strategy is solid and we have the financial means to execute it, it behoves us to examine all possible ways to maximize shareholder value.
Montreal-based Van Houtte roasts and markets its gourmet coffees across Canada and the United States through distribution channels that include coffee services, retail stores, caf a-bistros and online shopping.
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