M&A Deal Summary

Hearthside Food Solutions Acquires Ryt-way Industries

On May 16, 2013, Hearthside Food Solutions acquired packaging company Ryt-way Industries from Wind Point Partners and NMP Capital

Acquisition Highlights
  • This is Hearthside Food Solutions’ 1st transaction in the Packaging sector.
  • This is Hearthside Food Solutions’ 1st transaction in the United States.
  • This is Hearthside Food Solutions’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-05-16
Target Ryt-way Industries
Sector Packaging
Buyer(s) Hearthside Food Solutions
Sellers(s) Wind Point Partners
NMP Capital
Deal Type Merger

Target

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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Buyer(S) 1

Buyer

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 6
Sector (Packaging) 1 of 1
Type (Merger) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 5
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 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.

Sell $158M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Supplement Bar Production - Post Holdings

Boise, Idaho, United States

Supplement Bar Production - Post Holdings, Inc. is a nutritional supplement bar production facility.

Buy -

Seller(S) 2

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 28 of 56
Sector (Packaging) 1 of 2
Type (Merger) 2 of 2
State (Minnesota) 3 of 6
Country (United States) 27 of 51
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 Novolex

Hartsville, South Carolina, United States

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Hartsville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Argotec

Greenfield, Massachusetts, United States

Argotec LLC is a manufacturer of thermoplastic polyurethane films used in a wide range of industries and market segments, including automotive paint protection, glass lamination, medical, graphics, textiles, and other industrial applications.

Buy -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 23 of 53
Sector (Packaging) 1 of 1
Type (Merger) 2 of 2
State (Minnesota) 2 of 4
Country (United States) 22 of 51
Year (2013) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-14 Hospice Advantage

Bay City, Michigan, United States

Hospice Advantage, Inc. is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 Savage Arms

Westfield, Massachusetts, United States

Savage Arms is a manufacturer of hunting rifles and shotguns, delivering innovative products for more than 100 years. Savage Arms was formed in 1894 and is based in Westfield, Massachusetts.

Sell $315M
Mergr

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