Swander Pace Capital buys artisan bakery Bäckerhaus Veit
U.S. consumer private equity firm Swander Pace Capital has acquired Bäckerhaus Veit Ltd, a Mississauga, Ontario-based artisan bakery. No financial terms were disclosed. Established in 1987 by CEO Sabine Veit, Bäckerhaus Veit produces artisan, European-style breads, rolls, buns and soft pretzel products for retail and food service customers across North America. Veit, who will continue as a board member, said the partnership with Swander Pace will help the company build partnerships, increase brand awareness, and expand distribution. The deal follows Swander Pace's acquisition earlier this year of Fine Choice Foods, a Richmond, British Columbia-based maker of Asian-flavoured appetizers.
15 November 2018•4 mins read
