Sun Capital Partners, Inc. 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 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.
Jason Neimark, managing director, Sun Capital Partners, said: “CanGro holds a leading market position in the Canadian food industry. We plan on assisting CanGro’s management team to implement a growth strategy through new product introductions and strengthen the company’s strong customer relationships with leading Canadian retailers through continued service excellence and improved quality controls.”