Stellus Capital Management provided unitranche financing to support SK Capital Partners' acquisition of Spectra Confectionary Ltd., a leading Canadian manufacturer of premium decorative toppings.

Information on the Target

Stellus Capital Management, LLC has announced that its affiliates provided unitranche financing to support SK Capital Partners in their acquisition of Spectra Confectionary Ltd., one of Canada's leading manufacturers of premium decorative toppings and confectionery products. Spectra specializes in supplying a wide variety of items, including sprinkles, chocolate vermicelli, non-pareils, and sugar shapes, to major food distributors, bakeries, and snack food companies across North America.

Headquartered in Toronto, Spectra has garnered a strong reputation for its high-quality, innovative products. The company has differentiated itself in the market through outstanding customer service, custom formulation capabilities, and a deep understanding of food safety and functional performance. The existing leadership, comprising the Georgas family, will continue to manage the day-to-day operations, ensuring a seamless transition and ongoing focus on quality service.

Industry Overview in Canada

The confectionery industry in Canada is characterized by a robust demand for high-quality products, driven by an increasing preference for premium, innovative offerings.