Hearthside Food Solutions - M&A Summary, Ownership, and Business Overview

FoodCompany

Hearthside Food Solutions M&A Summary

Hearthside Food Solutions has acquired 7 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2013, when it sold Hearthside Food Organic & Natural Cereal Granola & Snacks Business to Attune Foods for $158M. Hearthside Food Solutions has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include food (67%) and medical products (17%).

Hearthside Food Solutions Ownership

Who owns Hearthside Food Solutions?

Hearthside Food Solutions is owned by Charlesbank Capital Partners and Partners Group AG. It was acquired on April 17, 2018.

Is Hearthside Food Solutions PE-backed?

Yes. Hearthside Food Solutions is owned by private equity investors Charlesbank Capital Partners and Partners Group AG.

Was Hearthside Food Solutions formerly PE-backed?

Yes. Hearthside Food Solutions was formerly owned by 4 private investors.

Hearthside Food Solutions Business Overview

Where is Hearthside Food Solutions headquartered?

Hearthside Food Solutions is headquartered in Downers Grove, Illinois.

What sector is Hearthside Food Solutions in?

Hearthside Food Solutions is a food company.

When was Hearthside Food Solutions founded?

Hearthside Food Solutions was founded in 2009.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 6

Hearthside Food Solutions

Hearthside Food Solutions LLC

3333 Finley Rd., ste 800,
Downers Grove, Illinois 60515
United States,
(630) 967-3600
www.hearthsidefoods.com

Hearthside Food Solutions is a food contract manufacturer. The Company offers diverse production capabilities including bars, cookies, crackers, granola, snack components, and other baked goods. Hearthside specializes in the production of complex, high-volume, short-run products, which represent an increasing portion of customer demand. Hearthside Food Solutions was founded in 2009 and is based in Downers Grove, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - 1 - - - 6
Sell (0.2/yr) # 1 - - - - 1 2
vol $158M $158M
  8

Most Recent M&A

Company Date Value Type
Hearthside Food Solutions - ready-to-cook & ready-to-heat Manufacturing Assets 2024-04-04 - Divestiture
Jacksonville, Florida
Weston Foods (Canada), Inc. - Baking Division Assets 2021-11-15 - Divestiture
Toronto, Ontario
Greencore USA 2018-10-15 - Divestiture
, United States
Standard Functional Foods Group, Inc. 2017-10-27 - Divestiture
Nashville, Tennessee · www.sffgi.com
Oak State Products, Inc. 2016-08-02 - Add-on Acquisition
Wenona, Illinois · www.oakstate.com
Supplement Bar Production - Post Holdings, Inc. 2015-08-24 - Divestiture
Boise, Idaho
Ryt-way Industries LLC (dba Ryt-Way Packaging Corp.) 2013-05-16 - Merger
Lakeville, Minnesota · www.rytway.com
Hearthside Food Organic & Natural Cereal, Granola & Snacks Business 2013-05-13 158M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 4 (67%) - 2 (100%) 158M (100%)
Medical Products 1 (17%) - - -
Packaging 1 (17%) - - -
Total 6 - 2 $158M

By Geo

State/Country Buy Value Sell Value
United States 5 - 2 158M
  Tennessee 1 - - -
  Minnesota 1 - - -
  Illinois 1 - - -
  Idaho 1 - - -
  Florida - - 1 -
Canada 1 - - -
  Ontario 1 - - -
Domestic 5 (83%) - 2 (100%) 158M (100%)
Cross-border 1 (17%) - - -
Total 6 - 2 $158M

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
1
Barclays Investment Bank
1
HSBC Global Banking and Markets
1
Legal Deals
Ropes & Gray
2
Stikeman Elliott
1
Mayer Brown
1

Deal Values

sell # Total
$100M to $1B 1 $158M
TOTAL $158M
Largest Hearthside Food Organic & Natural Cereal, Granola & Snacks Business
$158M (2013-05-13)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
67%
4 (67%)
Divested to
Strategic(s)
100%
2 (100%)

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