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Private equity firm Wind Point to acquire Shearer's Foods |
08.31.2012
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Wind Point Partners, a Chicago-based private equity investment firm, has agreed to acquire Shearer's Foods, the largest producer of private label salty snacks in North America and the largest producer of kettle cooked potato chips in the world.
Wind Point is partnering with C.J. Fraleigh, former CEO of Sarah Lee-North Anerica,who will join as Chairman and CEO. The company's current family leadership will step down.
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Based in Brewster, Ohio, Shearer's manufactures both branded and private label snacks for leading blue-chip retailers, and contract manufactures snacks for the nation's largest branded snack food companies.
Wind Point currently holds four additional food-focused investments: Hearthside Food Solutions, Nonni's, Rupari Foods and Ryt-way Industries.
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