Canadian private equity firm Novacap is acquiring an interest in Noble Foods Nutrition Inc., a manufacturer of nutrition and energy bars headquartered in Pointe-Claire, Québec.
All 100 employee positions at the company will be maintained, as will all management roles, and Novacap plans to invest in the company's growth to help it expand into new markets.
The three founders of Noble Foods, Lee Shulkin, Eric Kimmel and Alex Dehkter, will continue in their current roles and remain shareholders in the company .
The transaction received the support of Investissement Québec. "Noble Foods is the type of business we want to support in Québec's food manufacturing ecosystem," noted Pierre Gabriel Côté, Investissement Québec's president and CEO. "The innovative manufacturing sector is one of our strategic priorities, and the company will strive to increase the number of manufacturing jobs on the Island of Montréal following the planned capacity expansion."