CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount.
The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and pork supplier Eight Fifty Group, Sofina adds seafood to its portfolio.
Michael Latifi, founder and executive chairman at Sofina Foods said: “As a leading Canadian multi-protein specialist, this acquisition allows Sofina Foods to continue on our path of ambitious expansion. Sofina Foods is one of Canada’s largest food producers and we have created a solid global foundation for continued growth. With a history of excellence in food production and processing spanning over 25 years, the strong brands of Eight Fifty Food Group align perfectly with our prominent brands and our shared future vision”.
The new company will have over 13,000 employees globally with annual revenue of about $6 billion.
Source: Eight Fifty press release