Terms of the agreement were not disclosed and the transaction is expected to close in October.
Wind Point currently has investments in four food-related companies, including Hearthside Food Solutions, Nonni’s, Rupari Foods and Ryt-Way Industries.
“Wind Point’s partnership with C.J. — a top caliber c.e.o. in the food industry — along with our depth of experience with food investments, creates an excellent opportunity to drive growth at Shearer’s,” said Mark Burgett, a managing director for Wind Point. “We are confident that we will create value through initiatives such as introducing a proactive strategic selling effort, leveraging Shearer’s proven ability to innovate and implementing continuous improvement programs. We are excited to work with C.J. and the management team to continue the Shearer’s success story.”
