Sunday, November 28, 2021

Hearthside Foods to acquire baking division assets of Weston Foods

Hearthside Food Solutions, the contract manufacturer, has signed a definitive agreement to acquire the assets of the cookies, crackers, cones and wafers division of Weston Foods, which includes six North American bakery facilities (including one in Canada).

This acquisition expands the Hearthside network to 43 production facilities in the US, Canada and Europe, bringing 1,100 full-time employees, additional production capacity, and an expanded base of premier food company customers.

Baking is one of Hearthside’s four primary production categories, along with bars, fresh and frozen entrees, and food packaging. The Weston acquisition adds new capacity and an expanded ability to meet the needs of Hearthside’s customers.

Chuck Metzger, Hearthside CEO, said: “The Weston acquisition is an ideal complement to our existing production network and business, bringing baking capacity, a roster of premier customers, expanded capabilities, and enhanced geographic coverage. These synergies benefit our current and new customers alike. We look forward to welcoming Weston’s 1,100 employees into the Hearthside family.

The transaction remains subject to regulatory approval and customary closing conditions. The parties anticipate the transaction to close before the end of the first quarter of 2022.  Ropes & Gray LLP and Stikeman Elliott LLP are acting as legal advisors to Hearthside.

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