Wind Point and Teachers' close acquisition of leading U.S. snack food producer
TORONTO, Nov. 1, 2012 /PRNewswire/ - Wind Point Partners (Wind Point) and Ontario Teachers' Pension Plan (Teachers') today announced they have completed the acquisition of Shearer's Foods, the largest manufacturer of private label salty snacks and kettle cooked potato chips in North America. Terms of the transaction were not disclosed.
Headquartered in Massillon, Ohio, Shearer's business is organized into contract manufacturing, private label, and branded products segments.
Wind Point is a Chicago-based private equity investment firm. Teachers' made the investment through its private equity division, Teachers' Private Capital (TPC).
About Wind Point
Wind Point Partners is a private equity investment firm that focuses on partnering with top caliber CEOs to acquire middle market businesses. Wind Point is based in Chicago, Illinois, and was founded in 1984. Since its founding, Wind Point has raised approximately $2.8 billion of investor commitments and completed more than 90 investments and 160 add-on acquisitions across its seven private equity funds. Additional information about Wind Point is available at www.windpointpartners.com
Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada, with $117.1 billion in assets as of December 31, 2011. An independent organization, it invests the pension fund's assets and administers the pensions of 300,000 active and retired teachers in Ontario. With $12 billion of invested capital, TPC is one of the world's largest and most sophisticated pools of investment capital. TPC has a multi-faceted investment platform where TPC leads deals, participates in co-investments, and invests in funds in regions and sectors it cannot access directly. For more information visit www.otpp.com
SOURCE Ontario Teachers' Pension Plan