Sofina Foods plans to purchase Canadian multi-protein producer Eight Fifty Food Group from international private equity firm CapVest Partners for an undisclosed purchase price.
CapVest acquired Karro Food Group in 2017 and Young’s Seafood in 2019 to create Eight Fifty Food Group.
Sofina Foods is a large Canadian food producer with over 25 years of acquisitions and growth. Its brands include Cuddy, Lilydale, Janes, Mastro and more.
Sofina Foods currently has 21 different operating sites and 5000 employees.
"We've created a leading European multi-protein business through a combination of strategic investment in our core asset base and complementary acquisitions of fantastic national champions,” says Jason Rodrigues, partner at CapVest.