Private equity firm Vestar Capital Partners will purchase Nonni’s Food Group from Wind Point Partners, an equity firm based in Chicago, the companies announced Tuesday.
Oakbrook, Ill.-based Nonni’s produces biscotti and other Italian-inspired products under the Nonni’s, THINaddictives and La Dolce Vita brands. They’re distributed through a variety of retail channels, including club, grocery, mass market, foodservice and online retailing.
Brian Hansberry, who became ceo of Nonni’s in 2015, called the company’s partnership with Wind Point “extraordinarily successful,” and thanked the private equity firm for its support.
“We’re thrilled to be partnering with Vestar as we look to build upon Nonni’s growth and success,” he said. “The Vestar team’s deep consumer experience will be invaluable as we work to expand our customer relationships, enter new channels, and continue to introduce new and innovative products to the marketplace.”
Brian O’Connor, managing director of Vestar and co-head of its consumer group, agreed.
“We are excited to be partnering with Brian Hansberry, Chris Puma, and the rest of Nonni’s management team to pursue our shared vision for the company,” he said.
Terms of the transaction, which is set to close by the end of the year, were not disclosed.