PNC Riverarch Capital Acquires Backerhaus Veit from Swander Pace Capital
January 9, 2023
PNC Riverarch Capital has completed the acquisition of Backerhaus Veit, Ltd. from Swander Pace Capital. Backerhaus Veit is a North American producer of artisan European-style breads, rolls and soft pretzels; the transaction transfers ownership from Swander Pace as the company enters its next growth phase under PNC Riverarch.
- Buyers
- PNC Riverarch Capital
- Targets
- Backerhaus Veit, Ltd.
- Sellers
- Swander Pace Capital
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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