Goldman Sachs and Vestar Capital are buying Hearthside Food Solutions from private equity firm Wind Point Partners.

Downers Grove, Ill.-based Hearthside Food is a baker and manufacturer of grain-based food and snack products. The company has 20 food manufacturing facilities in eight states.

Goldman and New York private equity firm Vestar will own equal stakes in Hearthside. Terms of the deal were not disclosed. Vestar also announced in March that it will buy Institutional Shareholder Servicesfor $364 million. The firm is currently invested in food company American Roland Foods.

Chicago-based Wind Point invested in Hearthside Food in 2009 from Wind Point VII. Under Wind Point's ownership, the company completed four add-on acquisitions. The firm manages about $2.5 billion in capital.

Barclays served as Wind Point's financial adviser, while DLA Piper provided legal advice and KPMG LLP provided accounting services. 

For more on the food sector, see "Snack Time."

Financial services industry Food and beverage industry Manufacturing industry