Ontario Teachers buys majority stake in Shearer's Snacks from Wind Point
Teachers' Private Capital, the private equity investment arm of Ontario Teachers' Pension Plan, has increased its equity position in Shearer's Snacks, a U.S. manufacturer and private label supplier in the snack industry. Teachers bought the stake for an undisclosed amount from U.S. private equity firm Wind Point Partners, which partnered with the Canadian pension fund in purchasing the Massillon, Ohio-based company in 2012. Wind Point continues to hold a small interest in Shearer's. Over the past two years, Shearer's has completed two acquisitions, doubling the size the business and expanding its product offerings, Teachers said.
15 January 2015•3 mins read
