M&A Deal Summary

Attune Foods Acquires Hearthside Food Organic & Natural Cereal Granola & Snacks Business

On May 13, 2013, Attune Foods acquired food company Hearthside Food Organic & Natural Cereal Granola & Snacks Business from Hearthside Food Solutions for 158M USD

Acquisition Highlights
  • This is Attune Foods’ 1st transaction in the Food sector.
  • This is Attune Foods’ largest (disclosed) transaction.
  • This is Attune Foods’ 1st transaction in the United States.

M&A Deal Summary
Date 2013-05-13
Target Hearthside Food Organic & Natural Cereal Granola & Snacks Business
Sector Food
Buyer(s) Attune Foods
Sellers(s) Hearthside Food Solutions
Deal Type Divestiture
Deal Value 158M USD

Target

Hearthside Food Organic & Natural Cereal Granola & Snacks Business

United States
Hearthside Food Organic & Natural Cereal, Granola & Snacks Business comprises the Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Company brands, and private label granola business.

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Buyer(S) 1

Buyer

Attune Foods

San Francisco, California, United States
Category Company
Founded 2006
Sector Food
DESCRIPTION

Attune Foods, Inc provides a cereals under three bands - Uncle sam ,Erewhon and Skinner's.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Hearthside Food Solutions

Downers Grove, Illinois, United States
Category Company
Founded 2009
Sector Food
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 Ryt-way Industries

Lakeville, Minnesota, United States

Ryt-Way Packaging Corp. is a contract manufacturer and packager serving the food industry. Ryt-way provides primary and secondary co-manufacturing, logistics and inventory management services with current capabilities focused on foods such as ready-to-eat cereals and meals, snack foods, crackers, mixes and convenience foods.

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