Maple Donuts, owned by Swander Pace Capital, names Greg Somerville as CEO. With experience at Savencia Fromage & Dairy, Land O’Lakes, and more, he aims to drive growth and expansion. Founded in 1946, the Pennsylvania-based company produces private-label doughnuts and serves the US retail and foodservice sectors.

Swander Pace Capital sees Somerville’s appointment as a pivotal moment for Maple Donuts, anticipating accelerated growth. Luke Burnside, now VP of sales, praises Somerville’s CPG and channel development expertise. The private-equity firm did not disclose the financial terms of the transaction earlier this year.

Swander Pace Capital’s portfolio includes Boulangerie St. Méthode, Café Valley, and others. The firm aims to continue Maple Donuts’ legacy under Somerville’s leadership. More details on expansion plans and market growth are expected, positioning Maple Donuts at an “exciting inflection point” according to Somerville.

Read more at Yahoo Finance: Investor-backed Maple Donuts appoints Greg Somerville as CEO