M&A Deal Summary

Hearthside Food Solutions Acquires Standard Functional Foods Group

On October 27, 2017, Hearthside Food Solutions acquired food company Standard Functional Foods Group from Standard Candy

Acquisition Highlights
  • This is Hearthside Food Solutions’ 2nd transaction in the Food sector.
  • This is Hearthside Food Solutions’ 4th transaction in the United States.
  • This is Hearthside Food Solutions’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-10-27
Target Standard Functional Foods Group
Sector Food
Buyer(s) Hearthside Food Solutions
Sellers(s) Standard Candy
Deal Type Divestiture

Target

Standard Functional Foods Group

Nashville, Tennessee, United States
Standard Functional Foods Group, Inc. is a manufacturer of nutritional and healthy snack bars. SFFG works with major food companies nationwide to develop a wide variety of organic, meal-replacement, functional foods, and sports nutrition products. Standard Functional Foods Group was founded in 1999 and is based in Nashville, Tennessee.

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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 4 of 6
Sector (Food) 2 of 4
Type (Divestiture) 2 of 4
State (Tennessee) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Oak State Products

Wenona, Illinois, United States

Oak State Products, Inc. is a contract manufacturer of cookies, bars and other baked foods located in Wenona, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Greencore USA

United States

Greencore USA is a provider in frozen contract packaging and a top producer of refrigerated, fresh-made sandwiches, entrees, and salad kits.

Buy -

Seller(S) 1

SELLER

Standard Candy

Nashville, Tennessee, United States
Category Company
Founded 1901
Sector Food
DESCRIPTION

Standard Candy Co. is a manufacturer and distributor of candy bars. Standard Candy Co. was founded in 1901 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

Product

Company

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