Ardenton Capital acquires majority of Food Innovations

Canadian private equity firm Ardenton Capital Corp has acquired a majority stake in Food Innovations Baking Group, a Manchester, U.K.-based maker of specialist products for the home baking and retail market. Terms weren’t disclosed. The seller was U.K. conglomerate Doric Group. Founders Peter Ward and Robert Ward will exit the baking group business. Founded in 2004, Food Innovations provides edible and non-edible products in a range of packaging formats. The deal is Ardenton’s fifth in the United Kingdom and follows its March investment in BGC. Ardenton said it will support Food Innovations' organic and acquisition-based growth.

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