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We are pleased to announce the sale of our client Mom’s Best Gourmet Foods (“Mom’s Best”), a specialized commercial bakery based out of Ontario, Canada to Johnvince Foods, an established leader in innovating, manufacturing and distributing quality bulk foods across North America.
Springbank Capital Corp. (“Springbank”) acted as the exclusive financial advisor to Mom’s Best.
About Mom’s Best Gourmet Foods:
Mom’s Best was established in 1995, when sisters Rae and Angela founded the company in Rae’s home kitchen, making their generational family biscotti recipe. Twenty years later, Mom’s Best now operates a commercial bakery in Mississauga, Ontario, where they specialize in baking ‘Biscotti’, ‘Taralli’, Private Label Formulae and a variety of specialty baked products. Mom’s Best works with their customers and big box retailers, to develop customized private label products and flavour profiles through manufacturing and packaging to meet customers’ specifications. Their own brands include “Mom’s Best” and “BISCOT teenies”, which can be found in both retail and food service channels across Canada, USA, Mexico and the Middle East.
About Johnvince Foods:
Founded in 1973, Johnvince Foods is an established leader in innovating, manufacturing and distributing quality bulk foods across North America. Johnvince Foods invests in state-of-the-art processing and packaging machinery to transform raw materials into finished goods for the bulk food and packaged goods trades. Presently, all major grocery retailers in Canada, purchase the vast majority of their bulk food requirements from Johnvince Foods.
About Springbank Capital Corp.:
Springbank brings investment banking to mid-market businesses in Canada. It offers one-on-one, customized services, an extensive and proven track record of completed deals, and an international reach – all underpinned by an understanding of and passion for what it takes to succeed in the Canadian mid-market. Springbank’s President, Jennifer Chasson, is also a Partner with Zeifmans LLP, a Toronto-based accounting practice that combines the capabilities and world reach of a multinational, with the efficiency and service of an independent practice.
