Ecom Food Industries

July 28, 2016 2:40 am
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Toronto, June 30, 2016: Douglas Buchanan, Managing Director of Granite Partners L.P., announced today that, Granite Partners has made a major equity investment in Ecom Food Industries Corporation, based in Markham, Ontario.

Ecom, established in 1986, is a primary producer of extracts, flavors, natural antioxidants and flavor enhancers and supplies their products to multinational food and beverage companies. Ecom supplies a blue chip roster of customers including many large household names. Ecom is known for its ability to offer food manufacturer’s top quality, difficult to source products and for providing superior customer service.

“We are very pleased with our investment in Ecom and in helping David Soknacki to expand his business in a fast-growing segment of the food industry,” said Buchanan.  Graniteintends to make additional add-on acquisitions in the flavor industry.

Granite, founded in 1996, is Canada’s leading boutique private equity firm and has an unparalleled track record of helping owners of profitable mid-sized businesses (revenues of $10 million to $100 million) build upon and unlock the value they have created in their businesses.

Terms of the deal were not released.