DOWNERS GROVE, ILL. — Hearthside Food Solutions on Nov. 28 completed its acquisition of Standard Functional Foods Group Inc. (SFFGI), Nashville, Tenn. Financial terms of the transaction, which was first announced in October, were not disclosed.
|Rich Scalise, chairman and c.e.o. of Hearthside|
“We are thrilled to be bringing this facility into our network and to welcome this great team of people into the Hearthside family,” said Rich Scalise, chairman and chief executive officer of Hearthside. “They have built a strong and capable operation with a well-deserved reputation. It is one of the things that attracted us to them.”
With the completion of the transaction Hearthside now operates 24 production facilities, including 11 that have bar production capabilities. Three of the company’s production facilities are in Europe.Prior to being acquired by Hearthside, SFFGI was part of Standard Candy Co. Founded in 1901 as a regional confectioner, Standard Candy Co. expanded into nutritional and functional bars in 1999 through SFFG. Today, SFFG serves as a contract manufacturer to many of the largest food companies and brands.