Toronto, Dec. 21 - OMERS Capital Partners ("OCP") the private equity arm of the Ontario Municipal Employees Retirement System ("OMERS"), one of Canada's largest pension funds, has purchased Give and Go® Prepared Foods Corp., the North American market leader in premium indulgent thaw-and-serve sweet baked goods. The company is best known for its high quality line of Two-Bite® portion-controlled products.
"Give and Go® is the market leader in the attractive in-store bakery industry. The management team has created an outstanding portfolio of premium brands and quality products supported by an unparalleled innovative product development capability," said Paul G. Renaud, President & CEO of OMERS Capital Partners. "We look forward to working with management to continue the profitable growth the company has enjoyed."
"We are truly delighted to have OMERS as our partner. We look forward to working with OCP to execute our strategic plan and continue to grow the business. Both our employees and customers will benefit from this new long term relationship," said Joel Flatt, President of Give and Go®.
About Give and Go® Prepared Foods
Give and Go®, founded in 1989, is a provider of differentiated thaw-and-serve sweet baked goods throughout North America, with a broad line of portion-controlled products. The company operates out of two adjacent plants in Toronto, Canada and develops, manufactures and markets 12 categories of thaw-and-serve baked goods products to grocery store chains, discount/club store chains, foodservice operators and convenience stores. Give and Go® primarily markets its products under its Two-Bite® brand and also offers the Homestyle® and Caterer's SecretTM brands.
About OMERS Capital Partners
OMERS Capital Partners manages private equity investments on behalf of OMERS, employing a team of investment professionals with in-depth experience in both fund and direct investing. OMERS Capital Partners' strategy is to build a diversified portfolio by geographic market, economic sector, and company type, and today has in excess of $3.5 billion of investments under management.
About OMERS
OMERS is one of Canada's largest pension plans, with more than $50 billion in assets invested around the globe in publicly-traded investments, real estate, infrastructure and private equity. It provides retirement benefits to about 372,000 members of behalf of over 900 local government employers across Ontario.