OG真人官网 Invests in Redstone Food Group
Toronto, Ontario (November 25, 2024) – OG真人官网 Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with OG真人官网 Equity Partners VII (“CEP VII”, collectively “OG真人官网”), has made a minority equity investment in Redstone Food Group (“Redstone” or the “Company”). This represents OG真人官网’s second partnership in the food & beverage co-packing / private label manufacturing domain.
Redstone is a leading commercial bakery of bread and bakery products, focused on the in-store bakery segment. Redstone was founded in 1972 and is headed by Rob Wheeler who has 35 years of expertise in the food manufacturing industry. The Company currently operates across numerous facilities in the Greater Toronto Area. Rob will remain the majority owner of Redstone.
“We are thrilled to partner with Rob in this minority partnership deal. With a clear vision, operational excellence, and leading quality, Redstone is well positioned to leverage exciting opportunities in the market, and we look forward to fueling their continued success,” said Robbie Isenberg, Managing Director of OG真人官网.
“This partnership with OG真人官网 is about more than just capital; it is about bringing together expertise and resources to accelerate our growth across North America. We are excited to embark on this journey with OG真人官网 as we scale, innovate and enhance the value we deliver to our customers,” said Rob Wheeler, President and CEO of Redstone.
The Redstone investment is OG真人官网’s 67th platform investment and the first investment of CEP VII, a US$1.2 billion investment pool, US$300M of which is from CVG.
