Kirchner and Company, Inc. acted as M&A advisor to the Secured Lender of M.J.’s Fine Foods Inc.
Toronto, Ontario 14 January 2010 – Shashi Foods Inc. has acquired MJ’s Fine Foods, a leading North American manufacturer of flatbreads. The acquisition will allow the skilled staff of MJ’s Fine Foods to continue to make top quality flatbreads using only the finest, all natural ingredients, as well as introduce their customers to other quality products manufactured by Shashi Foods.
“Shashi Foods is excited by our acquisition of such outstanding brands as Margaret’s Artisan FlatbreadTM and Santa Fe Flatbread CoTM,” said Sujay Shah, President of Shashi Foods. “This acquisition complements the existing lines of business. My family has been in the food industry for over 35 years, with long-standing relationships around the world. We look forward to continued growth in the coming years, and acquiring these respected flatbread lines is an important step forward.”
Margaret’s Artisan Flatbreads is a premium line of flatbreads and all natural crisps found in gourmet grocery stores across Canada and the USA. Santa Fe flatbreads are aimed at everyday dining or entertaining and are sold in major grocery chains throughout North America. Shashi Foods Inc. now employs over 100 people in Toronto, Canada, including the employees of MJ’s Fine Foods.
For further information:
President of Shashi Foods
1.416.645.0611 ex. 208