On May 24, 2022, the Bonduelle Group entered into exclusive negotiations for the sale of 65% of Bonduelle Americas Long Life (BALL) to Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec (CDPQ), based on a total enterprise value of C$ 850 million (€ 625 million). This valuation reflects an EBITDA multiple of 8.2x from the 2020-2021 financial year. BALL, which generated revenue of C$ 943 million during that period, specializes in the processing and marketing of canned and frozen vegetables across North America. This move follows Bonduelle's strategic review to focus on the growth of its branded activities and aligns with its sustainable growth ambitions. CEO Guillaume Debrosse stated that this transaction would allow BALL to continue its growth in the consolidating North American market without additional capital from Bonduelle, which will retain a 35% minority stake. Dany Pelletier of Fonds de solidarité FTQ highlighted the deal's significance for Quebec's agri-food sector, adding to their historic investments in the industry. Kim Thomassin of CDPQ expressed pride in becoming a shareholder of a major North American food player, anticipating the further development of BALL in the U.S. The transaction's finalization is expected a few weeks after employee representative bodies are consulted and pending regulatory approvals and standard closing conditions.