Regal Confections a distributor of global candy and chocolate confectionery brands in the nation, today announced the acquisition of Tosuta International Sales Limited, an importer and distributor of gummies, sours, hard and soft candies, throat lozenges, and chocolate.
Tosuta, headquartered in Langley, British Columbia, was founded 43 years ago and has grown to become a market leader within the gas & convenience channel. Tosuta represents brands Canadians instantly recognize, love and trust, including Bentasil, Hi-Chew, and Red Band. Tosuta also owns the Koala and Livewires brands, which are category leaders in the gas & convenience channel.
"For decades, Tosuta has been dedicated to delivering the best quality confectionery and other fine products from around the world to the Canadian market. We selected Regal to uphold our values and foster growth for our brand partners and customers, relying on their nearly 60 years of experience in the [confectionery] industry," says Dean MacDonald, president of Tosuta.
The transaction was made possible by the capital and strategic support of Clearspring Capital Partners, a Canadian private equity firm focused on growing mid-market companies, and funding from Regal's other shareholders, including Senior Management.
"We are impressed with Tosuta's brand portfolio, market penetration, and long track record of success. This is the first acquisition since our partnership with Regal commenced late last year, and we are excited to continue supporting Regal in elevating their leadership position as an independent value-added distributor with co-packing and manufacturing capabilities," says Milap Choksey, principal at Clearspring.