Fulcrum Capital Partners Invests in FE Ingredients
Summary
TORONTO, April 25, 2023 (GLOBE NEWSWIRE) -- Fulcrum Capital Partners (Fulcrum), a leading Canadian private equity firm focused on the lower middle market, is pleased to announce its investment in FE Ingredients, the largest distributor of baking supplies and food ingredients in the Ontario market.Based in Toronto, FE Ingredients (formerly known as Far East Food Products) supplies industrial bakeries, food manufacturers and distributors across Southern Ontario with core ingredients including sugar, flour, starch, oils, yeast, fillings, baking mixes and toppings.We are excited to partner with Fulcrum to accelerate our growth strategy while maintaining our focus on customer service, said Raymond Lee, President of FE Ingredients. The companys stellar reputation with customers and suppliers is a testament to what has been built by the FE Ingredients team over the past 30 years.Fulcrums investment in FE Ingredients marks the fourth platform in Fulcrums Private Equity Fund VI, which had a final close in 2022.ABOUT FULCRUMFulcrum is a private equity firm focused on making control investments in the Canadian lower middle market. Fulcrum is a first institutional capital investor and is focused on adding value in governance, talent, systems, strategy and operations to each of its businesses. Core ingredients include sugar, flour, starch, oils, yeast, fillings, baking mixes and toppings. Visit the FE Ingredients website to learn more.For more information, please contact:A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b1b310e7-bb07-4a47-bba7-3704d7876a57