Fulcrum Capital Partners, a leading Canadian private equity firm focused on the lower middle market, is pleased to announce its investment in FE Ingredients, the largest distributor of baking supplies and food ingredients in the Ontario market.

Based in Toronto, FE Ingredients (formerly known as Far East Food Products) supplies industrial bakeries, food manufacturers and distributors across Southern Ontario with core ingredients including sugar, flour, starch, oils, yeast, fillings, baking mixes and toppings.

“We are excited to partner with Fulcrum to accelerate our growth strategy while maintaining our focus on customer service,” said Raymond Lee, President of FE Ingredients. “We look forward to expanding our business to meet the needs of our customers with Fulcrum’s support.”

Paul Eldridge, Partner at Fulcrum, said, “We are delighted to be invested with Raymond and his family in FE Ingredients to help fuel the next chapter of growth and assist in executing multiple growth opportunities. The company’s stellar reputation with customers and suppliers is a testament to what has been built by the FE Ingredients team over the past 30 years.”

Fulcrum’s investment in FE Ingredients marks the fourth platform in Fulcrum’s Private Equity Fund VI, which had a final close in 2022.