STONEY CREEK, Ontario – Bartek Ingredients Inc., a supplier of malic and fumaric acid ingredients for the food and beverage, animal nutrition and industrial markets, has been acquired by private equity firm TorQuest Partners.
“Demand for malic acid is on the rise globally,” said Matthew Chapman, partner at TorQuest. “Bartek is the market leader in malic acid, with distribution to more than 35 countries around the world. TorQuest is committed to supporting Bartek as it expands its capacity and capabilities to better serve its customers under the leadership of incoming CEO John Burrows.”
Bartek’s malic acid ingredients provide flavor and functional benefits in beverages and candies, while fumaric acids extend shelf life, improve process efficiency and deliver a cost-in-use benefit in baked goods and other animal nutrition and food and beverage products.
“TorQuest values Bartek’s proven capabilities and is committed to providing capital equity to support the next stage of Bartek’s growth,” said Chapman.
TorQuest Partners is a private equity fund manager based in Canada.
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