Power Sustainable Lios Leads Strategic Acquisition Of Crofter’s Organic

TORONTO — Power Sustainable Lios announced on Jan. 22 a strategic acquisition of Crofter’s Organic, reportedly the largest supplier of organic jams, jellies, and spreads in North America. The transaction includes co-investments from Farm Credit Canada, BMO Capital Partners, and the founding Latka family, who will remain engaged as long-term partners in the company’s future.

Per a Jan. 22 press release, the investment will support the Parry Sound-based company’s next phase of expansion, including capacity enhancement, brand awareness, and product innovation to meet growing demand from its branded and private label customers. Crofter’s and its new partners aim to strengthen the company’s position as a leader in responsibly produced food products.

“Our investment in Crofter’s reflects our conviction in the long-term growth of sustainably oriented food businesses,” said Jonathan Belair, Managing Partner at Power Sustainable Lios. “Crofter’s has built an exceptional brand rooted in quality, organic ingredients, and responsible production. We are proud to partner with this exceptional management team as the company enters its next chapter.”

“We are excited to welcome long-term, values-aligned partners who share our vision for durable growth,” said Crofter’s CEO Tim Jax. “Partnering with Lios, FCC, and BMO Capital Partners enables us to accelerate our mission of delivering high-quality organic fruit spreads to more households across North America and beyond.”