Vestar Capital Partners and the private equity arm of Goldman Sachs Group Inc. are thinking of selling U.S. food manufacturer Hearthside Food Solutions LLC.
Nothing concrete has been announced as of yet. The company could be sold for up to $2.5 million, said one of the people involved with the decision.
All three companies—Vestar, Goldman Sachs and Hearthside—have either declined to comment or have not yet responded. An external representative for Hearthside said there was "no change pending," and that no more information was available at this time.
Vestar and Goldman Sachs purchased Hearthside Food Solutions for $1.1 billion, in 2014, from Wind Poitn Partners. Wind Point had acquired Hearthside in 2009. Hearthside makes granola bars, cookies, and other snacks, which are sold under consumer-product companies' brand names.
Source: Bloomberg, 1/18/18, "Goldman Sachs Buyout Arm Plans Hearthside Food Sale"