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Synopsis
Power Sustainable Lios, a private equity firm, completed the acquisition of Crofters Food, a North American manufacturer of organic fruit spreads, jams, and preserves, from Frontenac, a private equity firm, for $187m. Power Sustainable Lios can leverage its other holdings (like GoodLeaf Farms for indoor farming and Food Cycle Science for waste management) to create a circular economy ecosystem within its agri-food portfolio.
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