Frontenac Acquires Majority Stake in Crofter's Organic
February 3, 2021
Frontenac, a Chicago-based private equity firm, has acquired a majority interest in Crofter's Organic, a Parry Sound, Ontario-based manufacturer of branded and private-label organic fruit spreads. The Latka family will retain a significant financial stake and Apu Mody will join as Executive Chairman as the company looks to expand market penetration and accelerate growth across North America.
- Buyers
- Frontenac
- Targets
- Crofter's Organic
- Sellers
- Gabi and Gerhard Latka (the Latka family)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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