CIBC completes two financings in relation to the acquisition of Compass Food Sales Company Limited
Counsel to CIBC on the acquisition financing of Compass Food Sales by Shah Trading, involving multi-jurisdictional security across Ontario, Quebec, and Alberta
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On April 2, 2026, CIBC completed a financing to support the acquisition of Compass Food Sales Company Limited (“Compass”), which operates in the sale of dried fruits and nuts, by Shah Trading Co. Ltd (“Shah Trading”). The financing was also related to the acquisition of related entities, as well as addressing working capital needs. The financing involved multi-jurisdictional security across Ontario, Quebec, and Alberta.
Compass is a trusted industry partner and leading supplier of dried fruits and nuts in Canada and US. Since its founding in 1974, Compass has built a strong reputation for sourcing high-quality products globally and delivering exceptional service to retail, industrial, and foodservice customers. Its portfolio includes private-label baking and snacking products, as well as its well-known in-house Compass and Simply the Goodz brands.
Founded in 1974, Shah Trading has grown into one of North America’s leading importers, manufacturers, and distributors of rice, grains, spices, nuts, and dried fruits. With over 50 years of experience and market leadership, Shah Trading offers comprehensive capabilities including private label, co-packing, nut roasting, and distribution across North America. Miller Thomson advised CIBC with a team comprised of Luc-Antoine Manneh and Nadim Elkommos (Financial Services)