Hearthside Food Solutions Acquires Roskam Granola Business
Hearthside Food Solutions, LLC, Downers Grove, Ill., acquired the Roskam Granola business unit of Roskam Baking Co., a former subsidiary of Hearthside. The acquisition includes manufacturing operations in Grand Rapids, Mich.
Hearthside, already one of the nation’s largest independent bakeries with 12 existing facilities in six states, is a contract manufacturer of premium snack and convenience foods, including granola bars, popcorn and snack mixes.
The Roskam Granola unit is a co-manufacturing business that produces granola base and a wide range of products, including bars, mixes and granola nut clusters.
“This is a great expansion of the Hearthside platform. It complements the existing granola cereal and bar business as well as the ingredient business,” says Mark Burgett, a managing director at Chicago-based Wind Point Partners, the parent company for Hearthside. “Completing add-on acquisitions was a key part of our value creation plan. With the Roskam Granola acquisition, Hearthside continues to expand its production capabilities and build its profile as the largest co-manufacturing bakery business in North America.”
Wind Point acquired Hearthside in 2009 in partnership with Rich Scalise, who became Hearthside CEO upon acquisition.
“This is a strategic acquisition that adds new opportunity for us and real value for our customers,” says Scalise. “In addition to acquiring needed Midwest granola capacity, we are adding new customers, projects and revenue, as well as extending our manufacturing capabilities. These operations will be a welcome addition to our existing 12-plant network.”