Stir Foods Acquires Celtrade
Stir Foods and Celtrade join forces to create custom sauce and dressing business with broader capabilities
Wind Point Partners and portfolio company Stir Foods, a leading custom manufacturer of soups, sauces, dressings, and fresh salsas for retail industrial and foodservice customers, announced that Stir has acquired Celtrade Canada, Inc. from The Succession Fund, a private equity firm managed by Argosy Partners Ltd. Celtrade is a leading private label and contract manufacturer of custom sauces, dressings and condiments for retail and foodservice customers. Celtrade operates a 56,000 square foot, Safe Quality Food ("SQF") certified facility in Toronto.
The combination of Stir and Celtrade creates a stronger, more diversified custom sauce and dressing platform with redundant manufacturing capabilities across multiple geographies, a broad packaging assortment and a deep bench of culinary talent. Both companies pride themselves on cultures focused on delivering the highest quality custom solutions for customers through new and innovative products.
Reed Smith and Stikeman Elliott served as legal counsel to Stir. Osprey Capital Partners served as financial advisor and Minden Gross served as legal counsel to Celtrade.