Furlani Foods Gets New Private-equity Owner

Credit: Keith Homan/Shutterstock.com

Canada-based baked equipment group Furlani Foods has different private-equity owner.

Arbor Investments has snapped up nan business from chap US private-equity group Entrepreneurial Equity Partners for an undisclosed sum.

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In a connection yesterday (9 February), Greg Purcell, nan co-founder and CEO of Arbor Investments, said: “Our accuracy is to put successful sensation and worth and Furlani hits nan people connected both.

“Add successful our team’s heavy expertise successful baking, and I’m assured we tin accelerate maturation and triumph caller customers and channels.”

Founded almost 3 decades ago, Furlani operates bakery sites successful Wisconsin and Iowa and nan US, arsenic good arsenic successful Mississauga successful Ontario.

Its merchandise scope includes ail Texas toast, loaves, rolls, breadsticks and breadstuff knots.

Furlani supplies stiff ail breadstuff to retailers operating successful nan US including Walmart and Aldi. It besides sells to foodservice customers crossed North America.

The business markets its products to consumers nether nan Furlani and Cole’s brands, pinch Cole’s added to nan portfolio following an acquisition successful 2024. It besides manufactures private-label products.

Entrepreneurial Equity Partners invested successful Furlani Foods successful 2023 alongside nan Kawaja family.

Entrepreneurial Equity Partners partner Ryan Schweet added: “Furlani has built a longstanding estimation for producing premium specialty ail breads and we are excited to spot nan Company proceed its adjacent shape of growth.”

John Jordan, Arbor Investments’ president, said Furlani’s “next shape of description ” will require “continued finance successful maturation capex and compelling invention to meet nan needs of their customers”.

Furlani CEO Jonathan Kawaja will stay successful his role, pinch nan elder activity squad continuing to tally nan company.

Arbor said it has invested successful 19 baking businesses and has maintained a baking level successful each of its funds, including Golden Waffles, Crown Bakeries and Rise Baking.

“Throughout nan process, it became clear Arbor would beryllium an fantabulous fresh for Furlani. Arbor’s know-how and resources successful nan baking industry, mixed pinch a shared imagination positions america good to proceed serving our customers and consumers astatine nan highest level,” Kawaja added.