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Private equity sweet on Canada jam firm Crofter’s Organic
Yahoo Finance· 2026-01-23 11:24
Core Insights - Power Sustainable Lios has acquired Crofter's Organic, a Canadian producer of organic jams and fruit spreads, with co-investments from Farm Credit Canada, BMO Capital Partners, and the Latka family [1][2] - The acquisition aims to accelerate Crofter's mission to deliver high-quality organic products across North America and support its expansion plans, including capacity enhancement and marketing [2][3] - The deal signifies the exit of Frontenac, a private equity firm that previously held a majority stake in Crofter's since February 2021, highlighting the brand's growth and development during that period [3][4] Company Overview - Crofter's Organic, founded in 1989, specializes in manufacturing organic jams, preserves, and fruit spreads, operating an automated production facility in Ontario [5] - The company distributes its products through major retailers across North America, indicating a strong market presence [5] Investment Rationale - Lios's investment reflects confidence in the long-term growth potential of sustainably oriented food businesses, emphasizing Crofter's commitment to quality and responsible production [3] - The partnership with the Latka family will ensure continued involvement and support for Crofter's as a long-term partner in the business [4]
Food compliance bears fruit with TELUS-Welch's breakthrough partnership
Prnewswire· 2025-07-28 16:01
Core Insights - TELUS Agriculture & Consumer Goods and Welch's have established a transformative 10-year partnership aimed at enhancing regulatory compliance and supply chain transparency in the food industry [1][2] - The collaboration will leverage TELUS's agricultural technology solutions to create a data-driven compliance framework, improving operational efficiency and meeting international regulatory standards [3][4] Company Overview - TELUS Agriculture & Consumer Goods is a leading provider of digital solutions and data insights, serving customers in over 50 countries with integrated analytics and supply chain management solutions [6] - Welch's, owned by a cooperative of U.S. family farmers, is recognized for its fruit-based products, including Concord grape juices and jams, and has a commitment to quality and innovation [8][10] Partnership Details - The partnership will deploy a compliance platform in phases, supporting Welch's network of over 700 grape growers in the U.S. and enhancing traceability across its products sold in over 40 countries [5] - The innovative solution will automate compliance validation and real-time monitoring, addressing the complexities of modern food systems and regulatory requirements [3][4]