Hearthside Foods completes Greencore US acquisition

DOWNERS GROVE - Hearthside Food Solutions said it has completed the acquisition of Greencore US, the U.S. unit of Greencore Group PLC, an Ireland-based public company.

Terms of the acquisition were not announced.

Greencore U.S. operations include 13 locations with 3,000 employees and 2017 revenues of over $1.4 billion.

Hearthside manufactures nutritional bars, snack bars, cookies, crackers, and other snack foods. The acquisition adds frozen breakfast foods, refrigerated snack kits, salad kits, and fresh-made sandwiches and entrees to its capabilities, according to a release. The company said the acquisition marks a significant step in the growth and development of Hearthside as a leading contract manufacturer, expanding the Hearthside production network to 38 locations, 10,000 employees and $3 billion in revenue.

"We continue to position Hearthside as a full-service contract manufacturing provider in key, high-growth categories, enabling our customers to maximize their go-to-market strategies, leverage innovation, increase speed-to-market and optimize efficiencies," said Rich Scalise, Hearthside Chairman and CEO.