Reinhart Foods Limited (“Reinhart”) is a Markham, Ontario-based, multi-generational family owned business founded in 1907. Reinhart is the Canadian industry leader in the production and distribution of vinegar and related products, under the well-known Allen’s brand. In addition to vinegars, Reinhart also produces and distributes a variety of other food products such as pie fillings, dates, raisins, coconut, baking products, glace fruit and maraschino cherries.
The team from Spara Capital Partners Inc. acted for the family of the founding shareholder in the sale of their remaining minority interest to the majority shareholder of the business. The process included working with the sellers to establish a fair market purchase price and providing support for the purchase price through the identification of comparable transactions, and negotiating the transaction with the purchasers. Spara’s involvement in the transaction resulted in a significant increase in the purchase price from the original offer made to the sellers.