Sofina Foods and Wind Point Partners signed a definitive agreement to acquire 100% of Santa Maria Foods ULC, a Canada-based frozen foods processor.
Sofina Foods Inc., a private label producer based in Ontario, Canada, and Chicago-based private equity firm Wind Point Partners signed a definitive agreement to acquire 100% of Santa Maria Foods ULC, a Canada-based frozen foods processor. Terms were not disclosed. The transaction is expected to close shortly after required regulatory approvals are received, upon which Santa Maria will become a wholly owned subsidiary of Sofina.
"We are very excited to be joining the Sofina Foods organization," says Fred Jaques, chief executive officer, Santa Maria Foods. "The history and success of our specialty Italian food business is a great fit with Sofina Foods' growth strategy, and we are proud to be part of the family."
The combined operations will supply retail and foodservice customers across Canada and into the United States with 15 primary and further processing operations in Canada-British Columbia, Alberta, Saskatchewan and Ontario-and Washington.
Sofina Foods Acquires Santa Maria Foods
March 28, 2012