Avance Investment Management to invest in Barchemy.

Avance Investment Management, a private equity firm engaged in making control and growth investments in middle-market companies across business services, healthcare, and consumer sectors, agreed to invest in Barchemy, a developer and manufacturer of better-for-you chocolate and confectionery ingredients serving the nutritional bar, bakery, confectionery, and ice cream industries. Financial terms are not disclosed. "We are excited to partner with Avance, a firm that specializes in investing in founder-owned businesses and shares our values and our customer-first culture. This partnership will allow us to accelerate our investments in people, capacity, and innovation, while continuing to deliver the flexibility, speed, and quality our customers have come to rely on," Larry Toscano, Barchemy Founder and CEO.