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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]