About Hearthside Food Solutions
Hearthside Food Solutions is a company based in Chicago (United States) founded in 2009 was acquired by Charlesbank Capital Partners in January 2018.. The company has 6,400 employees as of December 31, 2021. Hearthside Food Solutions has completed 4 acquisitions, including Cloud Packaging Solutions, Hearthside and Oak State Products.
- Headquarter Chicago, United States
- Employees 6400 as on 31 Dec, 2021
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Goldman Sachs
& 6 more
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Employee Count
6400
as on Dec 31, 2021
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Investments & Acquisitions
Cloud Packaging Solutions
& 3 more
- Acquired by
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Leadership Team
17 people
Human Resources and Administration
14 people
Operations Team
10 people
Finance and Accounting
10 people
Software Development Team
8 people
Plant Team
8 people
Supply Team
6 people
Sales and Marketing
5 people
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Funding Insights of Hearthside Food Solutions
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2009 | Amount | Seed - Hearthside Food Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hearthside Food Solutions
Hearthside Food Solutions has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Partners Group and InvestMichigan!. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward US companies.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hearthside Food Solutions
Hearthside Food Solutions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cloud Packaging Solutions, Hearthside and Oak State Products. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bars, cookies, and fresh and frozen foods are produced.
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1999 | ||||
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Convenience foods are manufactured by Hearthside for various markets.
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1974 | ||||
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Cookies are produced and branded by Oak State Products.
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1956 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hearthside Food Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hearthside Food Solutions Comparisons
Competitors of Hearthside Food Solutions
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hearthside Food Solutions
Frequently Asked Questions about Hearthside Food Solutions
When was Hearthside Food Solutions founded?
Hearthside Food Solutions was founded in 2009.
Where is Hearthside Food Solutions located?
Hearthside Food Solutions is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does Hearthside Food Solutions have?
As of Dec 31, 2021, the latest employee count at Hearthside Food Solutions is 6,400.
What does Hearthside Food Solutions do?
Hearthside Food Solutions was founded in 2009 and is headquartered in Chicago, United States. Contract manufacturing services are offered in the food sector, focusing on baked goods and snack bars. Products such as rye chips, crisps, flakes, coated popcorn, cookies, and crackers are produced. Customized packaging solutions are also provided to meet client specifications. Operations emphasize efficiency in the manufacturing process for various food items.
How many acquisitions has Hearthside Food Solutions made?
Hearthside Food Solutions has made 4 acquisitions, including Cloud Packaging Solutions, Hearthside, and Oak State Products.
Who are Hearthside Food Solutions's investors?
Hearthside Food Solutions has 7 investors. Key investors include Goldman Sachs, Partners Group, InvestMichigan!, Charlesbank Capital Partners, and Vestar Capital Partners.
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