January 19, 2023
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as financial advisor to Astara Capital Partners, LLC (“Astara”) on its affiliated entity’s acquisition of a majority stake in Wyandot Snacks (“Wyandot” or the “Company”).
Founded in 1936 and headquartered in Marion, Ohio, Wyandot is a premier contract manufacturer of high-quality snack foods, cereals, and better-for-you offerings and is a trusted partner to many leading and emerging brands and private label customers.
“Wyandot is a leading manufacturer of snack foods with long-standing customer relationships and a strong reputation for quality, customer service and product innovation,” said Lindsey Tannenbaum, Partner of Astara. “As a result of Astara’s investment, Wyandot will benefit from being a debt-free business with access to significant strategic, operational, and financial resources of Astara.”
Erik Einwalter, Managing Director at Cascadia Capital, said “the food and beverage manufacturing ecosystem continues to evolve, with opportunities for value creation when the right value-added capabilities are partnered with operational and financial acumen. The Astara team is the perfect partner to bring these elements together and propel Wyandot forward.”
The investment represents another successful transaction for Cascadia’s food and beverage manufacturing advisory practice. Other recent facility-based food and beverage transactions include Titan Frozen Fruit, Stadelman’s, Green River Spirits, and Oregon Freeze Dry.
For more information about this transaction, please contact the Cascadia Capital deal team:
Or other senior members of the Cascadia Food, Beverage & Agribusiness practice:
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