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Acquisitions By Canadian Bread Company Position It To Serve Growing Ethnic Market

May 30, 2014: 12:00 AM EST
Canadian bread company A. C. Simmonds and Sons has acquired FoodCrafters Group Inc., a Toronto-based supplier of baked and gluten-free products to retailers and food manufacturers. FoodCrafters owns Breadko National Bakery and Plasticap, a supplier of caps and closures for the food, dairy and beverage industries. Breadko makes pita bread, flat bread, thin buns, panini and thin bagels under brand names Alwatan Pita, Zeus Flatbread and Tiranga Nan. Simmonds also announced the launch of Mozaic Brands Corp., which will consolidate the company’s food businesses, including recently-acquired Goudas Foods, under one roof.  Simmonds says the acquisitions and realignments position it to better serve the expected $12 billion ethnic market in Canada, which over the next decade will comprise immigrants from China, South Asia and Latin America.
"A.C. Simmonds and Sons Inc. (BLVD Holdings Inc.) Acquires FoodCrafters Group and Launches Mozaic Brands Corp.", News release, A.C. Simmonds & Sons, May 30, 2014, © A.C. Simmonds & Sons
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