Ironbridge acquires gluten-free oat producer Avena Foods

Canadian private equity firm Ironbridge Equity Partners has acquired control of Avena Foods Ltd, a Regina producer of gluten-free oat products for the celiac and non-celiac gluten sensitive market. No financial terms were disclosed for the deal, which will see Ironbridge partner with the company's management team to pursue continued growth. Founded in 2008 by a group of Canadian farmers, Avena has an established network of more than 90 gluten-free and organic oat growers across the Prairies and a milling facility. Ironbridge closed its third mid-market fund at $238 million last year. Update: Ironbridge said Avena is Fund II's 10th investment.

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