Goldman Sachs and Vestar Capital Partners signed a definitive agreement to acquire Hearthside Food Solutions from Wind Point Partners.
March 19/Chicago/Press Release -- Goldman Sachs and Vestar Capital Partners signed a definitive agreement to acquire Hearthside Food Solutions, an independent bakery and contract food manufacturer, from Wind Point Partners. Terms were not disclosed. The transaction is expected to close in the second quarter of 2014. Goldman Sachs and Vestar will own equal stakes in the company going forward.
Hearthside Food Solutions offers a product portfolio focused on four main platform categories: bars, cookies/crackers, granola/cereals and snacks. The company manufactures more than 150 brands and 1,400 SKUs.