VAUGHAN, ONT. — Private equity firm SK Capital Partners has acquired Spectra Confectionery Ltd, a Canadian manufacturer of confectionery products, including sprinkles, crystals, nonpareils and others. Terms of the acquisition were not disclosed.
Spectra’s leadership team will remain with the company, including John Georgas, managing director, and Nikolaos Georgas, president of operations.
“We are thrilled about our partnership with SK Capital,” John Georgas said. “We look forward to continuing to provide best-in-class service to our customers with a super-charged focus on customer-centric innovation and an enhanced commercial strategy.”
SK Capital said the acquisition continues the company’s emphasis on the food ingredients sector. The acquisition is the company’s seventh food ingredient-based investment, following deals with J&K Ingredients, Phoenix Flavors & Fragrances, Tilley Distribution, Florachem, AEB Group and Niacet Corp.
“We are excited to welcome Spectra into the SK Capital Family,” said Mario Toukan, managing director of SK Capital. “Spectra’s commitment to quality, customer service and sustainability aligns perfectly with our investment philosophy, and we look forward to working closely with this talented team to unlock new growth opportunities and build on the company’s strong foundation.”
