Pe Firm Buys Majority Interest In Canada’s Sweets From The Earth

1 week ago

The PE investor said nan business pinch Sweets from nan Earth intends to “further support nan maturation of nan business passim North America”.

Fengate Private Equity has acquired a mostly liking successful Canadian plant-based baked equipment business Sweets from nan Earth.

Sweets from nan Earth’s laminitis and co-CEO Ilana Kadonoff, alongside associated CEO Marc Kadonoff, will clasp a “significant minority” liking and proceed to caput up nan company.

Financial position of nan woody were not disclosed successful a connection announcing nan “partnership”, which intends to “further support nan growth” of Sweets from nan Earth successful North America.

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Marc Kadonoff said: “We are highly aligned pinch Fengate connected our eager maturation scheme for nan company, and look guardant to expanding our business crossed Canada and successful nan US.

“Fengate has demonstrated a heavy knowing of our business from nan outset and offers nan resources and capabilities basal to accelerate growth.”

Set up successful 2002, Sweets from nan Earth is simply a family-run business that produces a scope of egg-free, dairy-free, and plant-based baked goods.

The Toronto-based group’s portfolio includes cakes, cookies, and muffins that are disposable successful earthy nutrient outlets, market stores, and cafes and restaurants passim Canada.

Sweets from nan Earth besides produces nut-free and gluten-free products.

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Jennifer Pereira, managing head and group caput of backstage equity astatine Fengate, said: “The institution has established a market-leading position done its genuinely unsocial merchandise offering, which has been built connected galore years of value and innovation.

“They are a cleanable fresh pinch our strategy of backing beardown guidance teams pinch ample runway for growth, and we’re proud to support Canadian entrepreneurs and brands.”

In 2024, Fengate acquired Saco Foods, a US-based institution pinch respective brands nether its umbrella, specified arsenic Dolci Frutta, California Sun Dry, Solo Foods, and Hoosier Hill Farm.

Following nan acquisition, Saco Foods went connected to purchase Quinoa Corp., which owns nan brands Ancient Harvest and Pamela’s.

Ancient Harvest manufactures a scope of organic, non-GMO, and plant-based products, including quinoa, pasta and polenta.

Pamela’s, known for its gluten-free products, makes pancake mixes, baking mixes, cookies and snack bars.

Products from some brands are sold successful earthy nutrient stores, market outlets crossed nan US and Canada, and online via Amazon.

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