Swander Pace Capital buys majority stake in Voortman Cookies
U.S. private equity firm Swander Pace Capital has bought a majority interest in Voortman Cookies Ltd, a manufacturer and marketer of cookies and wafers based in Burlington, Ontario. The acquisition's value was not disclosed. Swander Pace, which specializes in investments in consumer products, said the partnership with Voortman will focus on its continued growth through investment in product innovation, distribution and marketing. As a result of the deal, Voortman CEO Harry Voortman will begin to transition into the roles of shareholder, advisor and board member. The company's new CEO will be Douglas MacFarlane. Swander Pace's other Canadian investments include Recochem Inc.
14 October 2015•3 mins read
