MISSISSAUGA, ONTARIO — Entrepreneurial Equity Partners (e2p), a private equity firm focused on the food and CPG industries, announced that portfolio brand Furlani Foods wrapped its acquisition of Cole’s Quality Foods, which was announced December 2024. Financial terms for the transaction were not disclosed.
“We are excited to add Cole’s to Furlani Foods,” said Christina Wang, VP at e2p. “The strategic combination of the two companies strengthens our position in the specialty bread and frozen products categories. By combining these exceptional businesses, we have created a stronger enterprise that will work to drive innovation and growth in the specialty bread category while maintaining the high-quality standards that both companies are known for. The Furlani platform will leverage its expanded manufacturing footprint and product portfolio to better serve customers across North America.”
The acquisition creates a leading frozen garlic bread manufacturer for retail and foodservice channels.
“The successful completion of this transaction demonstrates our continued ability to identify and execute opportunities that align with our investment thesis in the food sector,” said CJ Fraleigh, managing partner at e2p. “We believe this combination will expand our ability to serve a broader customer base with enhanced capabilities and product offerings.”
Through this deal, Jonathan Kawaja, CEO of Furlani Foods, will remain at the helm.
