Currently operating two manufacturing sites in the GTA, Stephano Group produces branded and private label breakfasts and snacks. Stephano’s ten production lines produce a range of breakfast and snack products that include organic, non-GMO, gluten-free, allergen-controlled and kosher certified capabilities.
The business has experienced phenomenal growth over the past five years, generating sales through both retail and restaurant channels in both Canada and the United States, and is on a mission to become a leading producer of cereals and nutritional bars in North America. With a strong emphasis on sustainability, the Stephano Group is proud to lead the business on the basis of its family values, placing its commitment to quality and exceptional customer service at the center of everything it does.
With the support of CBGF, Stephano Group will use the proceeds of this increase to increase sales and marketing efforts, expand the company’s infrastructure and increase its manufacturing capacity. “We are very excited about this new chapter for Stephano Group. This investment will allow the company to have more fluid growth and will allow us to achieve our growth objectives over the next few years ”, states Noah Frank, President, Stephano Group Ltd. “We believe that in addition to their financial support, the CBGF team provides some support and advice that will be of great use to the company over the next few years. We are delighted to have them among us ”.
Founded in Ottawa in 1978, husband and wife Steve (Stéphano) Frank and Annette blaeske saw a need for innovative product offerings in the granola cereal market. Together, they expanded the business into a GPC manufacturing company for the Canadian retail and food service industries. In the 1990s, the second generation, Noah and Sean Frank, started working alongside their parents to help run the family business.
In 2009, the Stephano group moved to Toronto and began to focus on its private label and contract manufacturing offerings. With the growing demand for his products, Noah and Sean have taken on a larger role within the company to continue their parents’ legacy. “As the first family-owned and operated investment, we are extremely proud to partner with the Frank family as they continue their mission of making the Stephano Group a leading private label manufacturer of premium breakfast and snack products. quality in North America. We are delighted to help the second generation sons continue in their parents’ footsteps and believe they have the experience to implement their bold plans for growth, ”shares George rossolatos, CEO of CBGF.
About Stephano Group Ltd
Stephano Group Ltd. is a manufacturer of grain and granola products. Based at Etobicoke, Ontario, the company produces and supplies cold cereals, hot cereals, cereal / nutritional bars and snacks under private label or co-manufactured. Stephano’s ten production lines produce a range of breakfast and snack products that include organic, non-GMO, gluten-free, allergen-controlled and kosher certified capabilities.
About the Canadian Business Growth Fund (CBGF)
Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient and minority capital to ambitious entrepreneurs to finance the growth and expansion of mid-sized businesses in Canada with investments between $ 3 and $ 20 million. A sustainable investment fund with capital commitments of $ 545 million of Canadian financial institutions, the CBGF is committed to establishing long-term partnerships with the companies in which it invests. As part of its mission to drive growth, CBGF connects its partner companies with its extensive network of experienced business leaders and industry experts to help them achieve their goals. full potential.
SOURCE Stéphano Group
For more information: Noah Frank, [email protected], 416-910-9487