Ont. produce firm sells former maple syrup plant

Toronto produce company Dominion Citrus has made a deal to sell its former maple syrup production and storage facilities at Brockville, Ont.

The two buildings, totalling about 44,000 square feet on 4.15 acres, came into the income fund’s possession when it bought Brockville-based maple syrup maker Delta Foods International in 2003.

Dominion said Wednesday that the unnamed buyer’s deal is worth $820,000 and is expected to close in the first week of November.

Dominion, an income trust since 2006, owns produce distributor Bo-Fruits, Toronto companies Meschino Banana Co. and Country Fresh Packaging, and Ontario-based Dominion Farm Produce.

Dominion has been more of a seller than a buyer in recent years, having sold its Delta Foods operations in 2008 and its stake in Humpty Dumpty Snack Foods in 2005.

In June alone, Dominion sold its Apple Valley Juice business to Quebec’s Lassonde for $1.54 million, and also sold its lease on two wholesale selling units in Toronto’s Ontario Food Terminal for $3.5 million.

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