IK-backed Cérélia acquire Kilmer-owned English Bay Batter

French food company Cérélia Group has acquired English Bay Batter Inc, a Vancouver-based bakery business that makes cookies, muffins, brownies and other pastries sold across North America. No financial terms were released. Cérélia said the deal creates a global business with an enlarged range of product offerings distributed via retail, in-store bakery and food-service channels. Founded in 1983 by CEO Jack Seguin, English Bay was acquired by Canadian investment holding company Kilmer Van Nostrand in 2014. Manulife Capital and BMO Capital Partners also invested. Cérélia has been backed by European private equity firm IK Investment Partners since 2015.

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