Thursday, July 25, 2024

SPC invests in Inovata Foods, a Canadian label processor

SPC invests in Inovata Foods, a Canadian label processor! Swander Pace Capital (SPC), an institutional investor, invested a giant amount of cash in Innovata Foods Corp. (NYSE: INC). Recognised for its private-label frozen ingredients offered in Canada and the United States. All lately.

Originally set up in 1989 using Steve and Lisa Parsons as The Pasta Mill Limited, the business enterprise to begin with centred on clean pasta products. Over time, the enterprise advanced its offerings, and in 2007 switched to a more diverse range of frozen foods. Today, Innovata operates from two manufacturing facilities in Canada, protecting departments along with retail, city shops and meal service.

Reflecting on the partnership with SPC, Steve Parsons expressed optimism that Innovata’s plans for product expansion might be elevated. This collaboration is a huge milestone for SPC, marking their 10th most important investment in Canada. Notably, SPC partners with other famous Canadian food corporations such as Fine Choice Foods Ltd. Vancouver has already teamed up with Saint-Methode Bakery in Quebec

SPC’s funding in Innovata Foods underscores their strategic consciousness of food products and self-assurance in Innovata’s capability to meet developing customer demand for customized food products with an emphasis on the beauty of drugs.

Swander Pace Capital (SPC) Overview

SPC, a private equity firm, invests in essential consumer companies. Their expertise in consumer industries shapes their strategic approach, enhancing value through the SPC Playbook, senior team, and extensive network. They partner with management to maximize company potential across Food + Beverage, Body + Wellness, and Home + Family sectors. Notable investments include Bragg Live Food Products, Swanson Health Products, and Kicking Horse Coffee. Operating from California, New Jersey, and Ontario, SPC has invested in over 60 companies, raising $2.2B since 1996. Learn more at www.spcap.com.

About Inovata Foods

Inovata Foods, founded in 1989 as The Pasta Mill Ltd., specializes in private-label frozen entrées. Their diverse offerings, from Italian to Indian cuisine, are sold across North America in retail, club stores, and food service sectors. The company transitioned to frozen meals in 2007 and prides itself on superior service, innovative R&D, and competitive pricing. For more details, visit www.inovatafoods.com.

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