date:Mar 12, 2014
Private equity firm Swander Pace Capital is set to sell Ontario-based portfolio company Pineridge Bakery to Switzerland-based food business Aryzta for $340m.
Pineridge Bakery provides fresh and frozen private label and branded baked goods.
Swander Pace Capital gained control of the baking firm in 2007; since then, the business has seen revenue grow to C$230m.
The transaction, which is subject to review by the Canadian Competition Bureau, is expected to close in the second quarter of 2014.
Sw