Lassonde Industries Inc., Rougemont, Quebec, said it completed its purchase of juice processor Apple & Eve, LLC, Port Washington, N.Y., for a total cash consideration of US$147.9 million. Officials said the amount reflects a preliminary adjustment of US$2.1 million to the net working capital on the previously announced US$150.0 million consideration and is subject to additional adjustments.

Lassonde has a beneficial ownership of 90% of Apple & Eve. Members of the Lassonde family own the remaining 10% equity interest through their existing equity interest in the acquiring U.S. subsidiary and a proportionate capital contribution to the acquisition financing.