Fruits & Vegetables

As Canadians’ desire for health-conscious foods grows, so does the potential for the nation’s fruit and vegetable processing plants and greenhouses. This segment of the food and beverage processing industry benefits from the possibility of diversification — fruits and vegetables are becoming key ingredients in many other processed foods, from juices and soups to frozen meals and healthy snacks. As a result, this $6 billion industry is poised to grow more quickly than ever.

Industry growth leads to more opportunity, attracting more processors than ever. Innovation is as important as ensuring your existing operations are optimized and your current produce line as is good as it can be. We help you enhance your fruit and vegetable processing business so you can focus on what’s next.

Operations

Many of the factors that impact your fruit and vegetable processing business’ profitability can be out of your control — from fluctuating input costs and capitalizing on technology changes to labour challenges and retail distribution. The one area you can manage is the effectiveness and efficiency of your operations.

Our specialists work closely with you on:

Conducting business wellness assessments
Identifying opportunities to streamline operations through cost-saving measures
Assessing performance against industry benchmarks
Providing cost accounting services and analysis
Developing business plans for strategic growth

Succession

While you are responsible for the successful beginning and growth of your fruit or vegetable processing operation, eventually you will need to transition out of the business you’ve worked hard to build. Our ExitSMART™ program is one of the most comprehensive succession planning initiatives on the market, accounting for every aspect of the succession process. We work closely with you on tax and estate planning, wealth and asset management and valuations — so your business can thrive well after you’ve left. Starting this process early can help ease the transition that much more.

Our succession planning specialists can assist you with:

Developing and implementing a comprehensive plan to transition the business to family members, employees or an outside buyer
Identifying ways to maximize the value of your beverage processing operation in preparation for a potential sale
Building a strategy to minimize taxes

Tax and Assurance

No matter what stage your fruit or vegetable operation is at, MNP offers a complete suite of tax and assurance services that go well beyond traditional accounting. We work closely with our beverage processing clients to customize a tax strategy and structure that seamlessly integrates with existing business processes, providing you with added value. Our unique approach to both tax and assurance helps you control costs, streamline operations, ensure compliance and cultivate opportunities for growth and expansion.

International Tax

Canada’s fruit and vegetable plant operators are increasingly seeking opportunities — and finding success — in international markets. As you take your operation south of the border to the U.S. or perhaps seek expansion into Europe and Asia, your business will be subject to new, complex and ever-changing tax regulations. Without a proper tax structure in place, you could be subject to costly penalties and may jeopardize your international operation. We help you develop an international tax strategy that ensures compliance while minimizing your tax exposure and identifying tax-effective repatriation strategies.

We can assist you with: