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The middle-market private equity firm PNC Riverarch Capital has acquired baked foods manufacturer Backerhaus Veit, Ltd. Mississauga, Ont., from Swander Pace Capital.
Nuts and dried fruit processor John B. Sanfilippo & Son, Inc. has acquired the Just the Cheese brand from Specialty Cheese Company, Inc., Reeseville, Wis.
Brian Sikes will become president and chief executive officer of Cargill on Jan. 1, 2023. He will replace Dave MacLennan, who will become executive chair of the board.