Goldman Sachs and Vestar Capital Partners have announced that completion of the acquisition of Hearthside Food Solutions.
The transaction was initially announced on 19 March this year; the terms of the deal have not been disclosed.
Hearthside Food Solutions is one of the major independent bakery and contract food manufacturers in North America.
Following the deal, Goldman Sachs and Vestar will now own equal stakes in the company.
Affiliates of Barclays Capital and Goldman Sachs have committed to debt finance the transaction. Davis Polk & Wardwell acted as the legal advisor to Goldman Sachs and Vestar.
