SAN FRANCISCO — Swander Pace Capital has acquired the Passport Food Group, Ontario, Calif., a manufacturer of southeast Asian food products for the food service market, including noodles, wraps, crispy products and fortune cookies. Terms of the transaction were not announced.
Passport Food Group was previously owned by Wedbush Capital Partners. Some of Passport’s customers include Applebee’s, P.F. Chang’s, Panda Express, Cheesecake Factory, and Houlihan’s. The company’s food service products are sold under the Wing Hing and House of Bee brands.
|Heather Smith Thorne, managing director at Swander Pace Capital|
“Passport has established itself as an industry leader in high quality, on-trend, innovative cuisines,” said Heather Smith Thorne, managing director at Swander Pace Capital. “With consumers increasingly looking for creatively flavored, high quality food service and retail products, Passport is well-positioned to leverage these trends and drive growth through a continued commitment to innovation, new products, and best-in-class manufacturing.”Swander Pace Capital invests in consumer-facing companies. Other food and beverage companies the company has invested in include Voortman Bakery, the Oregon Ice Cream Co. and Kicking Horse Coffee.