Adstock, Que. – Ownership of Quebec-based St-Méthode Bakery is changing hands as three partners – private equity firm Swander Pace Capital, CDPQ and Roynat Equity Partners – acquire a majority stake in the 76-year-old bakery.
Financial details of the acquisition have not been made public.
Founded by Joseph Faucher and his wife Mariette Robert and located in the Chaudière-Appalaches region of Quebec, the business will continue to supply customers in the province and other markets from its flagship bakery in Adstock.
“This transaction is the result of careful planning to ensure the long-term future of St-Méthode Bakery in Adstock and Quebec,” said Benoit Faucher, president of St-Méthode Bakery. “Our new partners share our values, which stem from a family business culture, and this is reflected in the retention of the current management team and all jobs. They recognize the know-how and expertise of the BSM team, as well as the high quality of our products. For my part, I will remain active in the company as an advisor to the management team while we ensure a smooth transition.”
