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  6. ICL Group Acquires Bartek

M&A Deal Summary

ICL Group Acquires Bartek

On December 18, 2025, ICL Group acquired food company Bartek from TorQuest Partners

Acquisition Highlights
  • This is ICL Group’s 1st transaction in the Food sector.
  • This is ICL Group’s 2nd transaction in Canada.
  • This is ICL Group’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2025-12-18
Target Bartek
Sector Food
Buyer(s) ICL Group
Sellers(s) TorQuest Partners
Deal Type Add-on Acquisition

Target

Bartek

Stoney Creek, Ontario, Canada
Bartek specialises in the production and distribution of malic acid and fumaric acid, specialty products that improve flavor profiles, food safety, and profitability in food and beverages, add nutritive benefits while displacing antibiotics in animal nutrition formulations and contribute to the quality, safety, and efficacy of industrial applications. Bartek was founded in 1969 and is based in Stoney Creek, Ontario.

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Buyer(S) 1

Buyer

ICL Group

Tel Aviv, Israel
Category Company
Founded 1968
Sector Chemicals
Employees12,000
Revenue 6.8B USD (2024)
DESCRIPTION

ICL Group is a manufacturer of products based on specialty minerals that fulfill humanity's essential needs primarily in three markets: agriculture, food and engineered materials. ICL Group was founded in 1968 and is based in Tel Aviv, Israel.

DEAL STATS #
Overall 8 of 8
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-21 Lavie Bio

Rehovot, Israel

Lavie Bio is a provider in the ag-biologicals industry with a robust pipeline of microbiome-based ag-biological products. Lavie Bio was founded in 2019 and is based in Rehovot, Israel.

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Seller(S) 1

SELLER

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.

DEAL STATS #
Overall 28 of 28
Sector: Food M&A 3 of 3
Type: Add-on Acquisition M&A Deals 13 of 13
State: Ontario M&A 13 of 13
Country: Canada M&A 22 of 22
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-08 Waste Solutions

London, Ontario, Canada

Waste Solutions provides vendor-agnostic solutions for non-hazardous and hazardous waste, recycling, and sustainability management to commercial and industrial customers across a wide range of industries, including property management, senior living, manufacturing, institutional facilities, and restaurants & hospitality. Waste Solutions was founded in 2006 and is based in London, Ontario.

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