Astara Capital Partners LLC, a middle-market private equity firm, has acquired a majority stake in Wyandot Snacks.
Founded in 1936 and headquartered in Marion, Ohio, Wyandot is a contract manufacturer of snack foods, cereals and “better-for-you” offerings. The company is a partner to brands and private label customers.
“Wyandot is a leading manufacturer of snack foods with long-standing customer relationships and a strong reputation for quality, customer service and product innovation,” comments Lindsey Tannenbaum, partner of Astara. “As a result of Astara’s investment, Wyandot will benefit from being a debt-free business with access to significant strategic, operational, and financial resources of Astara.”
Cascadia Capital acted as financial advisor to Astara in this transaction.