Metro Sells Commercial Bakery Facility for C$90 Million, Partners with Buyer FGF Brands

Dow Jones

Jul 16

Canadian grocer Metro is selling its commercial bakery facility in the Montreal area to FGF Brands, which will manufacture and distribute Metro subsidiary Premiere Moisson's products sold in food stores.

Toronto-based FGF Brands, a family-owned bakery company that was founded in 2004, will buy Premiere Moisson's production facility in Baie-D'Urfe for 90 million Canadian dollars (US$64 million).

Metro said the exit is part of its ongoing efforts to focus its investments and resources on its core food and pharmaceutical retail and distribution operations, and will simplify its model with the support of a specialized partner.

The agreement will allow Metro to continue offering Premiere Moisson products to customers through its Quebec and Ontario food-store network. Premiere Moisson will remain a Metro subsidiary and will retain ownership of its brand, 25 retail bakeries across Quebec, in-store production operations, and its French pastry production facility in Vaudreuil-Dorion.

Metro said that all affected employees will be transferred to FGF Brands. The transaction is scheduled to close during by late September.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

July 16, 2026 09:35 ET (13:35 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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