Portfolio Company: Schaaf Foods
Company Overview
Schaaf Foods is a leading provider of loaf cakes and other baked goods distributed through grocery chains and membership warehouses across Canada. With a 45 year operating history, Schaaf is a well-recognized and respected brand name across Canadian households.
Key Strategic Highlights
- Planned Expansion: Partnering with large, multi-national retailers
- Product Diversification: New lines in muffins, iced cakes, brownies, individually wrapped formats
- Operational Growth: Second shift rollout (+40–60% capacity), MAP packaging for extended shelf life.
- Certifications: Kosher, Halal, GFSI, Peanut/Nut-Free facility.
Financial Performance Summary (2025)
- EBITDA: Increase of 267% from July to November.
- Gross Profit Margin: Increased by 236% since July.
- Linear Growth: November sales exceeded forecast by over 20%
- Enterprise Value: Total loan reduction of 44% leading to increase in value attributable to shareholders
- Labour Efficiency: Labour cost/kg reduced by 23.5%
- Raw Material Cost Reduction: Achieved 12.81% savings YTD.
Material Updates & Outlook
- Q4 2025 Performance: Strong profitability momentum with four consecutive positive EBITDA months.
- 2026 Initiatives:
- Second shift implementation to keep up with growth
- New product launches (Indulgent Minis, SSIW formats)
- Expanded retail partnerships (details forthcoming)