Sun Capital Partners acquires certain Kraft Canada grocery assets
Forms a new company named as CanGro Foods, Inc.
07/02/06 Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts of market-leading companies, has announced that the acquisition of certain Kraft Canada grocery assets by one of its affiliates has now closed and a new company has been formed, known as CanGro Foods, Inc. ("CanGro"). CanGro is a grower, processor, and canner of fruit, tomato, vegetable, soup, and pasta products under leading brands such as Del Monte, Aylmer, Ideal, Primo, Roma, and Il Migliore, and owns the perpetual Canadian licensing rights for a number of Del Monte products including canned fruit and vegetables which it sub-licenses to third-party manufacturers. The new company is headquartered in Toronto, Ontario.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 105 companies worldwide with combined sales in excess of $26.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, New York, London, and Shenzhen.
CanGro Foods, Inc. is a leading Canadian grower, processor, and canner of these premier brands: Aylmer tomatoes, vegetables, fruit, soup, and beans; Primo pasta, sauce, soup, tomatoes, beans and other products; Ideal vegetables; and Il Migliore and Roma foodservice pasta, and owns the perpetual Canadian licensing rights for a number of Del Monte products including canned fruit and vegetables.
