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Clairvest Group Buys Into Toronto’s Redstone Food Group

Dec. 9, 2024

Redstone is a Canadian commercial baker of bread and bakery products, focused on the in-store bakery segment; president/CEO Rob Wheeler stays on.

Dave Fusaro

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.”

About the Author

Dave Fusaro | Editor in Chief

Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.