SK Capital Partners Acquires Spectra Confectionery Limited
Vaughan, Ontario – December 5, 2024 — Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the ingredients, specialty materials, and life sciences sectors, completed the acquisition of Spectra Confectionery Ltd. (“Spectra” or the “Company”) from founders Bill and Maureen Georgas and the Georgas family.
Spectra, headquartered in Toronto, Ontario, is the largest manufacturer of premium decorative toppings, candy panning, and confectionary products in Canada. Spectra supplies sprinkles, chocolate vermicelli, colored sugars, nonpareils, candy coated chocolates, and sugar shapes to North America’s largest food distributors, bakeries, and snack food companies. Spectra has established a strong reputation in the industry and is known for its high-quality and innovative confectionary products. The Company differentiates itself with industry-leading customer service, custom formulation, and process know-how, leveraging deep expertise in quality, functional performance, and food safety.
The Spectra leadership team, including Managing Director, John Georgas, and President of Operations, Nikolaos Georgas, will continue to drive the company’s day-to-day operations, ensuring a smooth transition and continued focus on delivering high-quality products to its loyal customer base.
“We are excited to welcome Spectra into the SK Capital family,” said Mario Toukan, Managing Director of SK Capital. “Spectra’s commitment to quality, customer service, and sustainability aligns perfectly with our investment philosophy, and we look forward to working closely with this talented team to unlock new growth opportunities and build on the Company’s strong foundation.”
Dan Lory, Principal at SK Capital, added, “The Georgas family has built a tremendous business with an industry-wide reputation for quality and customer service over Spectra’s 30-year history. We are honored they selected SK Capital as their partner in executing the Company’s next phase of growth.”
“We are thrilled about our partnership with SK Capital,” said John Georgas, Managing Director of Spectra. “We look forward to continuing to provide best-in-class service to our customers with a super-charged focus on customer-centric innovation and an enhanced commercial strategy.”
The investment in Spectra continues SK Capital’s focus on the food ingredients sector, representing its seventh investment in addition to J&K Ingredients, Phoenix Flavors & Fragrances, Tilley Distribution, Florachem, AEB Group, and Niacet Corporation.
Coldwater Corporate Finance served as the financial advisor to Spectra. Cascadia Capital served as the financial advisor to SK Capital. Debt financing was provided by MidStar Capital and Stellus Capital.
About SK Capital:
SK Capital is a private investment firm with a disciplined focus on the ingredients, specialty materials, and life sciences sectors. The Firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $12 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The Firm currently has approximately $9 billion in assets under management. For more information, please visit www.skcapitalpartners.com.
About Spectra Confectionery Limited:
Founded in 1996, Spectra is Canada’s largest manufacturer of premium decorative toppings and confectionary products. Spectra supplies sprinkles, nonpareils, chocolate vermicelli, colored sugar crystals, sugar shapes, and panned products to North America’s largest food distributors, bakeries, ice cream, and snack food companies. With its deep technical expertise and process know-how, strong customer service, and high-quality products, Spectra enhances its customer’s end products by adding unique flavor, texture, and color. Headquartered and operated in Vaughan, Ontario, Spectra offers a range of traditional, sugar-free, naturally colored, and custom products to a loyal blue-chip customer base. For more information, visit www.spectraconfectionery.com.