June 21 (Reuters) - Lassonde Industries Inc ( LSDAF ):

* . ANNOUNCES AGREEMENT TO ACQUIRE U.S.-BASED SUMMER GARDEN

FOOD

MANUFACTURING

* DEAL FOR A CONSIDERATION OF US$235.0 MILLION, PAYABLE AT

CLOSING

* FURTHER AMOUNT OF UP TO US$45.0 MILLION MAY BE PAYABLE

OVER NEXT

THREE YEARS

* LASSONDE INDUSTRIES ( LSDAF ) - FURTHER AMOUNT OF UP TO US$45.0

MILLION

MAY BE PAYABLE OVER NEXT THREE YEARS, SHOULD CERTAIN FINANCIAL

TARGETS BE ACHIEVED

* TRANSACTION IS EXPECTED TO BE ACCRETIVE TO MARGINS AND

EARNINGS

BEFORE SYNERGY CONSIDERATIONS

* TRANSACTION STRUCTURE WILL ALLOW CORPORATION TO GENERATE A

BENEFIT AMOUNTING TO APPROXIMATELY US$30.0 MILLION

* LASSONDE INDUSTRIES ( LSDAF ) - TRANSACTION IS NOT SUBJECT TO A

FINANCING

CONDITION AND WILL BE FINANCED THROUGH CORPORATION'S AVAILABLE

CREDIT FACILITIES

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