Wind Point and Teachers’ Private Capital Acquire Shearer’s Foods

Wind Point and Teachers’ Private Capital Acquire Shearer’s Foods

Wind Point Partners and Teachers’ Private Capital have completed the acquisition of Shearer’s Foods, a manufacturer of private label salty snacks and kettle cooked potato chips.

Wind Point and Teachers’ are partnering with C.J. Fraleigh, who is joining Shearer’s as Chairman and CEO. Mr. Fraleigh, who most recently served as CEO of Sara Lee – North America, has 25 years of experience in consumer products.

“I’m very excited to be joining the team at Shearer’s,” said Mr. Fraleigh. “With the growth of private label brands and the trend toward outsourcing for branded food companies, Shearer’s is well-positioned to continue its historical growth trajectory. I look forward to working with the company’s 1,850 employees to execute on growth opportunities we’ve identified and continue providing Shearer’s customers with excellent service and consistently high quality products.”

Shearer’s is the largest producer of private label salty snacks in North America and the largest producer of kettle cooked potato chips in the world. Shearer’s produces a range of salty snack products including kettle and traditional potato chips, tortilla chips, rice crisps, whole grain chips, cheese curls and other extruded products, which it offers in a variety of flavors and packaging sizes. Shearer’s manufactures both branded and private label snacks for retailers and contract manufactures snacks for the nation’s largest branded snack food companies. The company operates five manufacturing facilities in Ohio, Texas, Oregon and Virginia and is base in Massillon, OH (

Wind Point Partners invests from $20 million to $70 million of equity in companies with revenues from $100 million to $500 million and EBITDAs of at least $8 million. Industries of interest include business services, consumer products, healthcare and industrial products. The firm has approximately $2.8 billion in capital under management and has completed more than 90 investments and 160 add-on acquisitions across its seven private equity funds. Wind Point Partners is located in Chicago, IL (

Teachers’ Private Capital is one of the world’s largest private equity investors, having participated as a long-term investor in numerous management buyouts in Canada, the United States and Europe. It is the private investment department of the Ontario Teachers’ Pension Plan, the largest single-profession pension plan in Canada. Teachers’ Private Capital is based in Toronto with offices in New York and London (

© 2012 PEPD • Private Equity’s Leading News Magazine • 11-2-12

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