Key Takeaways
- • Power Sustainable Lios Inc., a private equity platform of Power Sustainable (an alternative asset manager subsidiary of Power Corp. of Canada), has acquired Fine Choice Foods Ltd., according to The Canadian Press.
- • Fine Choice Foods, founded in 1986 and based in Richmond, B.C., makes refrigerated Asian appetizers including spring rolls, gyoza, bao and apple pie rolls, and owns the Summ! brand.
- • The company has more than 300 employees and serves both Canadian and U.S. markets.
- • The seller is U.S. private equity firm Swander Pace Capital; financial terms of the deal were not immediately disclosed.
- • The transaction includes co-investments from Farm Credit Canada, Bonnefield Financial Inc. and members of Fine Choice Foods' senior management team.
Summary
Power Sustainable Lios Inc. has bought Fine Choice Foods Ltd., a Richmond, B.C.-based maker of refrigerated Asian appetizers, from U.S. private equity firm Swander Pace Capital, according to a report by The Canadian Press published October 22, 2026. Financial terms of the transaction were not immediately available.
Power Sustainable Lios is a private equity platform of Power Sustainable, which is an alternative asset manager and subsidiary of Power Corp. of Canada (TSX: POW). The acquisition is structured with co-investments from Farm Credit Canada, Bonnefield Financial Inc. and members of Fine Choice Foods' senior management team.
Founded in 1986, Fine Choice Foods specializes in spring rolls, gyoza, bao and apple pie rolls. The company employs more than 300 people and serves both Canadian and U.S. markets. It also owns the Summ! brand.
The deal reflects continued private equity activity in the Canadian food manufacturing sector, with a Power Corp.-affiliated platform taking control of a established producer with cross-border distribution. Further details on valuation and post-close strategy were not included in the source report.
Power Sustainable Lios is a private equity platform of Power Sustainable, which is an alternative asset manager and subsidiary of Power Corp. of Canada (TSX: POW). The acquisition is structured with co-investments from Farm Credit Canada, Bonnefield Financial Inc. and members of Fine Choice Foods' senior management team.
Founded in 1986, Fine Choice Foods specializes in spring rolls, gyoza, bao and apple pie rolls. The company employs more than 300 people and serves both Canadian and U.S. markets. It also owns the Summ! brand.
The deal reflects continued private equity activity in the Canadian food manufacturing sector, with a Power Corp.-affiliated platform taking control of a established producer with cross-border distribution. Further details on valuation and post-close strategy were not included in the source report.
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