Avance Investment Management Makes Strategic Investment in Barchemy, the Industry Leader in Better-for-You Chocolate and Confectionery Ingredients

NEW YORK and MIAMI, Oct. 7, 2025 /PRNewswire/ -- Avance Investment Management ("Avance") today announced a strategic partnership with Barchemy, LLC ("Barchemy"), a leading developer and manufacturer of better-for-you chocolate and confectionery ingredients serving the nutritional bar, bakery, confectionery, and ice cream industries. Barchemy Founder and CEO Larry Toscano will retain a significant ownership stake and continue to lead the company. Terms of the transaction were not disclosed.

Founded with a commitment to innovation and speed, Barchemy has built its reputation as the go-to partner for customers seeking flexibility, fast turnaround times, and highly consultative product development. The company is recognized as a leader in manufacturing custom-formulated and protein-fortified chocolate, enabling customers to develop better-for-you high protein end products. Barchemy serves some of the largest and fastest growing protein bar and confectionery manufacturers in the industry.

With Avance's support, Barchemy plans to continue investing in its facilities, expanding capacity, and strengthening its team to further enhance its ability to serve customers while driving long-term growth.

"We are excited to partner with Avance, a firm that specializes in investing in founder-owned businesses and shares our values and our customer-first culture," said Larry Toscano, Founder and CEO of Barchemy. "This partnership will allow us to accelerate our investments in people, capacity, and innovation, while continuing to deliver the flexibility, speed, and quality our customers have come to rely on."

"Larry and his team have built an outstanding business," said Luis Zaldivar, Co-Founder and Managing Partner of Avance. "Barchemy is exceptionally well-positioned to meet the demand of today's consumers, who are increasingly seeking convenient, high-protein products with quality ingredients."

"Barchemy has a long-standing reputation for its leading innovation, R&D, and flexible manufacturing capabilities," said Matt Graziano, Principal of Avance. "Their talented team brings tremendous know-how in producing tailor-made solutions for its customers. We are excited to support Barchemy in its next phase of growth."

Stout served as financial advisor, and Huck Bouma, PC served as legal advisor to Barchemy. Greenberg Traurig, LLP served as legal advisor to Avance.

About Barchemy

Barchemy is a leading developer and manufacturer of better-for-you chocolate and confectionery ingredients serving the nutritional bar, bakery, confectionery, and ice cream industries. Renowned for its speed, flexibility, and collaborative approach, Barchemy partners with customers to develop innovative solutions with unmatched protein content and quality.

About Avance Investment Management

Avance Investment Management is a private equity firm with a passion for building great businesses in partnership with talented founders and management teams. Avance focuses primarily on thematic investments within the Services, Technology and Consumer areas in the U.S., seeking attractive opportunities with catalysts for growth and fragmented spaces with consolidation opportunities. Avance's team has a long history of partnering with founder-owned businesses, industry executives, and management teams and aims to add value to each investment through the application of its STAGE™ value creation framework. Avance has offices in New York and Miami. For more information, please visit www.avanceinv.com.

Avance Media Contact

Woomi Yun / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449

SOURCE Avance Investment Management