Bond Bakery Brands invests in Portofino Bakery and Pace Processing

Bond Bakery Brands, a stakeholder-focused investment platform, has invested in Canadian bakery companies Portofino Bakery and Pace Processing and Product Development.

Headquartered in Victoria, British Columbia Portofino Bakery is engaged in the production of artisanal-style branded bakery products to retail and foodservice customers.

Pace Processing, headquartered in Surrey, British Columbia, produces pizzas, cakes and other sweet and savoury baked goods that services retail and foodservice customers in Canada and the US.

Bond co-founder, president and CEO Nicolas Mulroney said: “Portofino Bakery and Pace Processing are industry-leading bakery companies that we are excited to have joined 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.”

Both Portofino Bakery and Pace Processing hold established customer and distribution relationships.

Bond Bakery Brands said it is focused on bringing together growing bakery companies.

The company is dedicated to the greater good through food and will prioritise developing a bond with all stakeholders including our employees, our customers, our shareholders, the environment along with all the communities we serve.

Pace Processing president Sean Darrah said: “We are excited to partner with the team at Bond and join their bakery growth platform.

“Bond will allow us to invest in expanding our production capabilities, focusing on investments in both automated equipment and human capital. Having a strong branded partner like Portofino Bakery opens up unique opportunities for us to accelerate our growth objectives.”