AP NEWS

Hearthside Foods Completes Greencore US Acquisition, Adding 13 Locations to their Manufacturing Network

November 26, 2018

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Nov 26, 2018--Hearthside Food Solutions (“Hearthside”), a leading contract manufacturer, today announced the completion of the acquisition of Greencore US, the US unit of Greencore Group plc, an Ireland-based public company. Greencore US operations include 13 locations, with 3,000 employees, and 2017 revenues of over $1.4 billion.

Hearthside is already a leader in nutritional bars, snack bars, cookies, crackers, and other snack foods. This acquisition adds frozen breakfast foods, refrigerated snack kits, salad kits, and fresh-made sandwiches and entrees to their capabilities.

This transaction marks a significant step in the further growth and development of Hearthside as a leading contract manufacturer, expanding the Hearthside production network to 38 locations, 10,000 employees and $3 billion in revenue.

“We continue to position Hearthside as a full-service contract manufacturing provider in key, high-growth categories, enabling our customers to maximize their go-to-market strategies, leverage innovation, increase speed-to-market and optimize efficiencies,” said Rich Scalise, Hearthside Chairman and CEO.

About Hearthside Food Solutions

Hearthside Food Solutions is a contract manufacturer headquartered in Downers Grove, Illinois. The company is a leading producer of nutrition and snack bars, as well as a full-service provider of high-quality snack food products and packaging services for some of the world’s premier brands. With this acquisition, Hearthside operates 38 food-manufacturing facilities, including four in Europe. In 2018, Hearthside was acquired by Charlesbank and Partners Group. For more information on Hearthside Food Solutions, visit www.hearthsidefoods.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181125005157/en/

CONTACT: The Melville Group

Carl Melville, 630-426-9756

carl.melville@melvillegroup.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA ILLINOIS IRELAND

INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL FOOD/BEVERAGE SUPERMARKET OTHER RETAIL

SOURCE: Hearthside Food Solutions

Copyright Business Wire 2018.

PUB: 11/26/2018 02:15 AM/DISC: 11/26/2018 02:15 AM

http://www.businesswire.com/news/home/20181125005157/en

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