Swander Pace Capital Announces Investment in Recochem, Inc.
SAN FRANCISCO & NEW YORK, May 5, 2014-- Swander Pace Capital, a leading private equity investment firm, has announced an investment in Recochem, Inc., a Montréal-based producer, formulator, and marketer of specialty consumer and industrial chemical products for general merchandise retailers, as well as the automotive and heavy duty vehicle aftermarket channel. The Recochem investment represents Swander Pace’s 10th acquisition in Canada over the last decade. No financial terms were released.
“We look forward to partnering with Recochem’s existing management team and its founding family,” said Shawn Hecht, Managing Director at Swander Pace. “Recochem has been an industry leader for several decades and benefits from a strong corporate culture of innovation, intense focus on customer service, and genuine appreciation for the contributions of its employees around the globe. There is a significant opportunity to capitalize on the company’s momentum and to drive for continued growth through our partnership.”
“Swander Pace has a strong track record of building successful customer-oriented businesses in Canada and is an ideal partner to help us propel our business forward,” said Rick Boudreaux, CEO of Recochem. “This investment will facilitate further growth and provide financial support for infrastructure and technology enhancements, as well as strategic acquisitions. Our customers will benefit from this investment, and they can expect continued excellence with service and product innovations in the future.”
Swander Pace also holds investments in two other Canadian-based companies, including Lavo, Inc., a leading manufacturer and marketer of household cleaning products under the La Parisienne, Hertel, Old Dutch, and Springtime labels; and Kicking Horse Coffee, the #1 organic and fair-trade coffee brand in Canada. Further, Swander Pace previously owned Liberté, the #1 organic yogurt in Canada, and Pineridge Bakery, a leading manufacturer of frozen and fresh baked goods for the foodservice, in-store bakery, convenience, and grocery channels in North America.
About Swander Pace Capital
Swander Pace is a leading private equity firm specializing in investments in growth-oriented, middle-market consumer companies in the U.S., Canada, and the United Kingdom. Since its inception in 1996, Swander Pace has used its expertise in this industry to pursue a consistent strategy of acquiring or investing in consumer-oriented companies with leading market positions in attractive, defensible niches. With staff in California (San Francisco), New Jersey (Bedminster), and Ontario (Toronto), Swander Pace provides portfolio companies with a unique mix of financial and strategic consulting support to create long-term value. For more information, visit www.spcap.com.
About Recochem, Inc.
Recochem is a leading Canadian company with a global reputation for quality products and outstanding customer service. For more than 60 years, the Company has been known for innovation, agility, and socially responsible business practices. Recochem operates consumer and industrial divisions, with operations in the Americas, Australia, Europe, and the Asia-Pacific region. The company’s reputation has earned it vendor appreciation awards and long-standing relationships with its suppliers around the world. For more information, visit www.recochem.com.
LANE (on behalf of Swander Pace Capital)
Ted Lane, 212-302-5948
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