PE Firm Scoops Up Top Snack Co., Brings In Ex-Sara Lee CEO

Law360, New York (August 28, 2012, 7:14 PM EDT) -- Middle-market private equity firm Wind Point Partners agreed to purchase Shearer's Foods Inc., the largest private-label salty snack company in the U.S., building on the firm's handful of existing food industry investments, the Chicago-based buyer said Tuesday.

The firm did not disclose financial terms of the deal, though its investment strategy typically targets businesses with an enterprise value between $100 million and $500 million, with investments usually ranging from $30 million to $150 million. The deal is expected to close in October.

Through the deal, Wind...
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