Brand
We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
GO
Close
top-contextual
comprehensive legal services for businesses

New Jersey and Canadian companies to merge

Clement Pappas and Company Inc., the operator of a canning company based in Seabrook, New Jersey, has agreed to a merger with the Quebec-based firm, Lassonde Industries. Lassonde will possess a majority of the merged companies. Clement Pappas will be run as a subsidiary of Lassonde, and the Pappas family will own a minority stake in the merged companies.

The new company will still be called Clement Pappas and the grandson of the original company’s founder will serve as CEO, while another member of the family will occupy the position of executive vice president of human resources and general counsel. The current CEO of the company, Dean Pappas, is retiring after 50 years with the company.

According to an article in The Star-Ledger by Jason Laday, Dean Pappas announced that the merger would not result in changes for customers or employees, explaining that the company is not planning to lay off any of its 630 workers employed at its numerous plants across the country. Dean Pappas said that the merger deal was reached in order to grow both companies.

Clement Pappas has operated since 1942, becoming a major employer in New Jersey. The company was originally based in Cedarville, but eventually opened a larger plant in Seabrook that continues to be the company’s production and distribution hub. Clement Pappas’s headquarters are based in Salem County.

According to The Star-Ledger, executives with Clement Pappas say they are excited to team with Lassonde, which is the leading juice company in Canada. Clement Pappas is also eager to benefit from Lassonde’s extensive knowledge regarding new packaging formats.

Source:

Clement Pappas agrees to merger with Canadian company (The Star-Ledger)

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map


Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.

Archives

Review US
FindLaw Network