Swander Pace Capital acquired Backerhaus Veit.

A leading private equity firm specializing in investments in consumer products companies, has acquired Backerhaus Veit, a leading producer of artisan, European-style breads, rolls, buns and soft pretzel products for top-tier retail and foodservice customers across North America. Financial terms were not disclosed. “Backerhaus Veit has built a tremendous business by staying true to the foundations of traditional artisan bread making. The company has built enduring relationships with its customers and suppliers, and it is able to recreate high-quality products derived from old-world recipes, allowing it great success in today’s modern marketplace."said Heather Smith Thorne, Swander Pace Capital Managing Director.