PARRY SOUND, ONT. — Spreads manufacturer Crofter’s Organic has been acquired by the private equity company Power Sustainable Lios, Toronto, with co-investments from BMO Capital Partners, Farm Credit Canada and the Latka family, founders of the company. Financial terms of the transaction were not disclosed.
Founded in 1989, Crofter’s Organic has a market position across North America. The acquisition will support the company’s next phase of expansion, according to Power Sustainable Lios, and will include growing brand awareness and innovation.
“Our investment in Crofter’s reflects our conviction in the long-term growth of sustainably oriented food businesses,” said Jonathan Belair, managing partner at Power Sustainable Lios. “Crofter’s has built an exceptional brand rooted in quality, organic ingredients, and responsible production. We are proud to partner with this exceptional management team as the company enters its next chapter.”
The company sells its products in a variety of applications, including jars and squeezable pouches.
“Crofter’s sits at the intersection of key consumer trends — growing demand for organic products, ingredient simplification, sugar reduction, and supply chain transparency,” added Craig Hanna, partner at Power Sustainable Lios. “We believe the company is well-positioned to capitalize on these dynamics, and we look forward to supporting the team with relevant experience in organic and fruit-based foods.”
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