Swander Pace Capital completes sale of bread business to PNC Riverarch Capital
The company previously acquired Backerhaus in 2018.
Swander Pace Capital, a private equity firm focused on consumer products companies, announced that it has completed the sale of Backerhaus Veit, Ltd. to PNC Riverarch Capital.
Founded in 1987 by entrepreneur Sabine Veit, Backerhaus is a producer of artisan, European-style breads, rolls, buns, and soft pretzel products to retail and foodservice customers throughout North America.