Goldman Sachs (NYSE: GS) and Vestar Capital Partners have closed a deal for Hearthside Food Solutions for an undisclosed amount.
Downers Grove, Illinois-based Hearthside is an independent bakery and contract manufacturer for grain-based food and snacks for brands. The company offers, bars, cookies and crackers, granola and cereals and other snacks.
The two buyers will own equal stakes in Hearthside. The deal was originally announced March 19.
Hearthside was sold by Chicago private equity firm Wind Point Partners, which invested in the company in 2009. Under Wind Point, Hearthside completed four add-on acquisitions.
Affiliates of Barclays Capital and Goldman Sachs provided debt financing commitments for the deal. Davis Polk & Wardwell LLP provided legal advice to the buyers.