Private equity firm Swander Pace Capital has acquired Passport Food Group, a manufacturer of internationally-flavored foods for the foodservice and retail channels in North America. Financial terms of the deal were not disclosed.
Passport offers more than 125 flavored products to restaurants and retailer chains across the U.S. Passport’s foodservices products such as Southeast Asian noodles, wraps, and fortune cookies that are sold under the company’s Wing Hing and House of Bee brands. The target’s customers include: Applebee’s, P.F. Chang’s (Nasdaq: PFCB), Panda Express, Cheesecake Factory (Nasdaq: CAKE), and Houlihan’s. Passport was previously owned by private equity firm Wedbush Capital Partners.