Business and Operations
Bond Bakery Brands buys two new Canadian-based bakeries
October 19, 2020 By Bakers Journal
Bond Bakery Brands Limited announced its investments in two leading Canadian-based bakery companies, Portofino Bakery Ltd. and Pace Processing and Product Development Ltd.
Portofino Bakery, headquartered in Victoria, BC, provides high quality artisanal-style branded bakery products to retail & food service customers. Pace Processing, headquartered in Surrey, BC, is a leading bakery and food solutions manufacturer specializing in pizzas, cakes and other sweet & savoury baked goods that services retail & food service customers in Canada and the United States. Both Portofino Bakery and Pace Processing have established strong customer and distribution relationships that will continue to grow significantly under Bond.
Bond is focused on bringing together growing bakery companies. The company is dedicated to the greater good through food and will prioritize developing a bond with all stakeholders including our employees, our customers, our shareholders, the environment along with all the communities we serve. Bond is an investment platform that will accelerate the growth of bakery companies and be impact-leaders in our communities.
“Portofino Bakery and Pace Processing are industry-leading bakery companies that we are excited to have join our platform. Their success has been built on strong customer service, product innovation and entrepreneurial management teams. We are committed to accelerate the growth of these companies and amplify the impact they have on their communities,” said Nicolas Mulroney, co-founder, president & CEO of Bond in a statement. “We are excited to support and invest significantly to continue expanding Portofino Bakery and Pace Processing’s market presence on the Bond Bakery Brands platform. With a leading branded and unbranded business, we are uniquely positioned to continue pursuing transformational acquisitions,” added Cameron Loree, Co-Founder and EVP of Investments & Corporate Development at Bond.
“Bond will be key in accelerating the achievement of Portofino Bakery’s growth objectives,” said Matt Cimon, co-Founder of Bond and president of Portofino Bakery in the same release. “I am looking forward to working closely with the Bond and Pace Processing teams to increase our production capabilities, build strong partnerships and continue expanding our distribution footprint beyond the BC borders. The fact that Bond is placing significant focus on making a positive impact on the world around them is important to Portofino Bakery and matches well with our ethos of being proud of the communities we serve,” he added.
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