July 25, 2014

Rougemont, Quebec - Lassonde Industries Inc. (TSX: LAS.A) ("Lassonde") has completed the previously announced acquisition of Apple & Eve, LLC of Port Washington, New York, for a total cash consideration of US$147.9 million. This 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.

The acquisition and certain fees have been financed as follows: US$75.0 million under the term credit facility of a Lassonde U.S. subsidiary, US$67.5 million from a combination of cash, cash equivalents on hand and Lassonde's Canadian operating credit facility, with the remaining US$7.5 million provided by equity investment of members of the Lassonde family. Financing fees are estimated at US$2.0 million while other fees related to the transaction are estimated at US$3.5 million.

About Apple & Eve

Apple & Eve is a leading branded juice company in the U.S., with total annualized net sales of US$190.0 million and a trailing 12-month adjusted EBITDA of US$15.2 million.

Founded by the Crane family in 1975, and headquartered in Port Washington, NY, the company focuses on healthy and innovative juice products. The Company offers more than one hundred different juice products sold under its iconic flagship brand name, Apple & Eve, and includes a portfolio of sub-brands including Organics, Fruitables, Quenchers, Waterfruits and Sesame Street. Additionally, it markets juices under its Northland, Seneca and The Switch brands. Apple & Eve products are sold in supermarkets, mass merchandisers, warehouse clubs, natural food stores, schools and convenience stores across the country. For more information, visit www.appleandeve.com.

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