Mistral Equity Partners acquires Shearer's Foods

Mistral Equity Partners, a private equity firm focused on the consumer and media sectors, announced today the acquisition of Shearer’s Foods, Inc. Headquartered in Brewster , Ohio, Shearer’s is a leading producer and distributor of high quality branded, co-packed and private label seasoned snack foods and related products and is North America’s largest producer of kettle chips, the fastest growing potato chip category. Shearer’s is a recognized award- winning leader in the snack food industry noted for both its quality products and innovation.

“Shearer’s has a leading and unique position in the snack food market that is supported by strong long-term customer relationships and an experienced and well respected management team. We look forward to working with Shearer’s management to achieve new levels of growth,” said Andrew R. Heyer, Mistral’s Chief Executive Officer.

Shearer’s management team, headed by Chief Executive Officer Robert J. Shearer, will continue in their current positions and will be investors in the transaction along with other co-investors.

“This is a great opportunity for Shearer’s management, associates and our community,” said Mr. Shearer. “Our focus on quality and product excellence has been a core principle of our Company throughout its history and this will continue as we grow our business.”