Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described as a leading specialty consumer packaged goods company primarily retailing through supermarkets, mass retailers and …