Vestar Capital Partners and the private equity arm of Goldman Sachs Group Inc. are thinking of selling U.S. food manufacturer Hearthside Food Solutions LLC.
Downers Grove, Ill.-based Hearthside Food Solutions will acquire Standard Functional Foods Group (SFFG), the privately-held snack bar division of Nashville, Tenn.-based Standard Candy Co., Hearthside announced Friday.
Hearthside Food Solutions has announced the acquisition of Oak State Products, a privately held contract manufacturer of cookies, bars and other baked foods located in Wenona, Illinois.
Hearthside Food Solutions founder and chairman Rich Scalise shares insights with Candy Industry Magazine regarding the mega deal involving VSI and Post Holdings’ PowerBar facility.
Perhaps you’re not into snack, energy or functional bars. After all, we’re supposed to be focused on all things confectionery. But in case you hadn’t noticed, the term “confectionery” now encompasses a greater band width than ever before.
Post Holdings will acquire assets from Hearthside Food Solutions comprising the Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Co. brands, as well as its private-label granola business.