Power Sustainable Lios acquires Crofter’s Organic

Power Sustainable Lios has acquired Crofter’s Organic. The transaction includes co-investments from Farm Credit Canada, BMO Capital Partners and the founding Latka family

Founded in 1989 and based in Parry Sound, Ont., Crofter's is “recognized as a pioneer in the organic fruit spreads [and] is known for its premium ingredients, sustainable sourcing practices, and innovative product portfolio,” states a press release. 

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The investment will support the company's next phase of expansion, including capacity enhancement, brand awareness and product innovation.

"Our investment in Crofter's reflects our conviction in the long-term growth of sustainably oriented food businesses," said Jonathan Belair, managing partner, Power Sustainable Lios, in a press release. "Crofter's has built an exceptional brand rooted in quality, organic ingredients, and responsible production."

Farm Credit Canada and BMO Capital Partners join the investment consortium with a shared interest in supporting scalable, innovative Canadian food businesses.