Clairvest Group Buys Into Toronto’s Redstone Food Group
A Clairvest Group Inc. fund made a minority equity investment in Redstone Food Group, a commercial bakery of bread and bakery products, focused on the in-store bakery segment. It’s Clairvest’s second investment in the food & beverage co-packing/private label manufacturing area.
Redstone was founded in 1972 and is headed by Rob Wheeler, president/CEO, who has 35 years of expertise in the food manufacturing industry. The company operates across several facilities in the Greater Toronto area. Rob will remain the majority owner of Redstone.
Clairvest is a Toronto-based fund investing in various businesses with sales between $10 million and $50 million.
“This partnership with Clairvest is about more than just capital; it is about bringing together expertise and resources to accelerate our growth across North America,” said Redstone. “We are excited to embark on this journey with Clairvest as we scale, innovate and enhance the value we deliver to our customers.”