Food and Beverage Business

St-Méthode Bakery in Canada under new ownership

St-Méthode Bakery in Canada under new ownership Bakery and Cereal Food and Beverage Business

St-Méthode Bakery, a Canadian bread maker, has experienced a change in its ownership. Three private-equity firms have joined forces to acquire a majority stake in the bread business. Swander Pace Capital, with offices in California, New Jersey, and Toronto, has partnered with CDPQ and Roynat Equity Partners for the acquisition. The financial details of the deal have not been disclosed.

The bakery, located in the Chaudière-Appalaches region of Québec, will continue to serve its customers throughout Québec and other markets from its flagship bakery in Adstock.

In the words of Tyler Matlock, managing director at Swander Pace Capital, “We are delighted to partner with BSM and its existing management team on this exciting and well-known bakery platform that leverages our unique experience in both the bakery sector and the Québec market.”

Benoit Faucher, the president of St-Méthode Bakery, emphasized the shared values between the company and its new partners, stating that they share a family business culture, which is reflected in the retention of the current management team and all jobs. He also confirmed that he would remain active in the company as an advisor to ensure a smooth transition.

CDPQ’s executive vice-president and head of Québec, Kim Thomassin, expressed pride in partnering with St-Méthode Bakery, highlighting their support for the business transfer process as well as growth projects in the Canadian and US markets.

Overall, the partnership between the private-equity firms and St-Méthode Bakery has been carefully orchestrated to ensure the long-term future of the bakery in Adstock and Québec.

It is important to note that throughout the process, the details of the family’s ownership stake have remained undisclosed. As such, “Just Food” has been in contact with BSM for further details about the family’s ownership stake.

Throughout this transition, the company profile will remain unchanged, and the company aims to pursue growth opportunities in the food and beverage industry trends across the Canadian and US markets.

Related posts

France introduces new agricultural legislation to safeguard food sovereignty

FAB Team

CVC Capital Partners purchases Spain’s Monbake Group

FAB Team

Bridgetown Natural Foods to Open Second Snacks Plant in the US

FAB Team